San Jose, CA (PRWEB) August 07, 2013
ThreatMetrix™, the fastest-growing provider of integrated cybercrime solutions, today announces several threats that can compromise consumers’ back to school shopping. The National Retail Foundation (NRF) predicts that families will spend a combined total of $45.8 billion on school-related supplies this year, with 31.7 percent of those purchases made online where cybercriminals lurk, waiting to take advantage of increased spending by students and parents.
“Cybercriminals follow the money and target consumers heavily during major shopping seasons,” said Mustafa Rassiwala, director, product marketing, ThreatMetrix. “With billions spent online for back to school shopping, fraudsters will steal money and sensitive information from online purchases. Additionally, the attacks are specifically targeted at a large unsuspecting and vulnerable online population – young adults.”
With increased threats in mind, ThreatMetrix has identified top risks for consumers to look out for this back to school season:
In order to best protect consumers during the back to school shopping season, businesses need a collective approach to cybercrime. This includes extensive screening for suspicious online transactions and leveraging data from a collective global network for real-time threat intelligence, such as the ThreatMetrix™ Global Trust Intelligence Network. With a global network, businesses can differentiate between suspicious and authentic customers.
“As businesses set cybersecurity measures in place to protect customers, students must also constantly be aware of threats that await them,” said Rassiwala. “Young, tech savvy adults may feel invincible, but cybercriminals can be sitting next to them at a local coffee shop, waiting to steal personal account information. My advice to these students includes only browse on secure websites, make purchases on a secure Internet network and keep computer software up-to-date.”
ThreatMetrix is the fastest-growing provider of integrated cybercrime prevention solutions. The TrustDefender™ Cybercrime Protection Platform helps companies prevent unauthorized access to web and mobile applications, protect sensitive data, and secure transactions against account takeover, payment fraud, identity spoofing, malware, and data breaches. ThreatMetrix protects more than 1,500 customers and 9,000 websites across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government, and insurance. For more information, visit http://www.threatmetrix.com or call 1-408-200-5755.
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