BizSugar.com › Management › Brace Your Business for Online Fraud During Holiday Season

The holiday season is just around the corner, and it’s not just the enthusiastic consumers and businesses that are gearing up for it. Online fraudsters are getting ready for the busiest shopping time of the year as well.
According to a new study by ACI Worldwide, retailers and consumers should brace themselves for a higher level of online fraud across channels as online retail fraud attempts have increased by 30 percent in the past year.
The threat is greater because U.S. merchants and card issuers have now switched to more secure chip cards for in-store purchases this year, prompting criminals to potentially go after online transactions.