The holiday shopping season has always been a make-it-or-break-it time for retailers and this year is no exception. While the supply chain woes that dominated the news cycle last holiday season are mostly in the rearview mirror, there are now high inflation rates, an uncertain economy, and fraud continues to plague retailers. The good news is that retailers have more tools than ever before to prevent fraud from derailing this holiday season, a period when fraudsters go into overdrive to steal from both customers and companies. Whether you’re a retailer or a consumer, here are four major scams to be aware of this holiday season:
With these risks in mind, retailers and consumers need to work hard to remain one step ahead of fraud. The good news is that with the proper technology, such as cryptographic authentication, retailers have the ability to verify and authenticate their customers’ identities online.
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