Cyber Fraud in a Post-Pandemic World

The pandemic might have forced people to adopt a virtual way of living and doing business, but it also opened pathways for cybercriminals to up their game. Now that most businesses and consumers have shifted their businesses online, a new wave of fraud has emerged, targeting most payment platforms in the country. The unprecedented changes in e-commerce have skyrocketed the number of criminals looking to exploit weaknesses in e-commerce sites. Although cybercriminals can target all major industries globally, the interesting part is that more of these attacks have shifted from financial services to the gaming, travel, and leisure industries. According to an article by CNBC, gaming, travel, and leisure industries in the US reported a 261.9% spike for gaming and 136.6% for travel and leisure for the number of reported cyberattacks.  

As earlier mentioned, every industry can be targeted. And although you might feel like you can’t be attacked, nobody’s immune to these attacks. So, it always pays to have an extra layer of security for your online transactions. Remember, nearly 80% of successful fraud involve defrauding humans rather than criminals exploiting weaknesses in computer code.

Are You Protecting Your Aging Parents and Children from Online Fraud?

Although cybercrime affects people of all ages and backgrounds, children and the elderly are frequently at risk for most cyberattacks. This is because children and older adults make attractive targets. After all, they’re less likely to monitor their credit actively and are typically more trusting. For your kids, you could enact two-factor verifications for all online transactions. For your parent’s case, it might be harder to monitor how they transact online but always make sure the communication lines are open. Ask them to contact you in case they get asked about their private information.  

Listen now to learn How can you protect your personal information online?

Links and Resources
Devin Kropp – How to Create Ultra-Secure Passwords That Keep Hackers Away – PDF Download