Cyber Security to be challenged in Christmas season!

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Online retailers in US and UK may find the coming days of Christmas season really tough. And that’s due to the fact that fraudsters are in an intention to launch one million cyber attacks a day on all major online stores serving in UK and US.

With Black Friday and Cyber Monday fast approaching, Cyber Security Analysts believe that cyber criminals such as hackers or malware spreaders will try to target internet shoppers mostly buying consumer electronics including games consoles and mobile technology such as smartphones.

Britain is witnessing an online shopping trend which has spread from the US in recent times.

As Black Friday falls on the day after thanksgiving; cyber criminals will try to utilize the consumer shopping bonanza to the fullest. As the following Monday is branded as Cyber Monday, the online deals will surely take a center stage among the shopping patrons.

Since a lot of online transactions happen during this season, hackers try to use this opportunity to hack the money payments for fund diversion or will try to induce ransomware into the network to raise funds in future.

According to ThreatMetrix, a cybercrime prevention company, a prediction of over 6.5 million cyber attacks on UK retailers is said to take place during Black Friday and cyber Monday.

On an average, Britain broadly experiences around thirteen percent of global attacks on online retailers each year during holiday season. If stats around the world are taken into account, the global cyber attacks can be accounted to 50 million figure.

During the last three months of this year, it is estimated that over 20 million cyber attacks will take place on the UK shopping websites.

In the year 2016, Black Friday falls on November 25th,2016 and Cyber Monday falls on November 28th,2016.

So, all you guys who are getting ready to hunt the best deals, better to get proactive with the cyber threat well in advance.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security