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Instant Insights / Winter holiday risk management

Keep the holiday cheer this year by avoiding property & casualty insurance claims.

Analysis

Black Friday, Cyber Monday are prime time for online fraud

With an increase in transactions and spending comes a rise in risk for retailers.

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A certain amount of fraud during the holiday shopping rush may be unavoidable, but there are still things eCommerce businesses can do to prepare for and protect themselves from acts of fraud, including things like fraudulent chargebacks or the use of stolen credit cards. Credit: Tartila/Adobe Stock A certain amount of fraud during the holiday shopping rush may be unavoidable, but there are still things eCommerce businesses can do to prepare for and protect themselves from acts of fraud, including things like fraudulent chargebacks or the use of stolen credit cards. Credit: Tartila/Adobe Stock

More than 180 million Americans will shop in-store or online from Thanksgiving Day to Cyber Monday, according to the National Retail Federation, which expects to see a record number of shoppers this year.

In-store Black Friday sales will drive the most traffic as 72% of shoppers plan to make purchases on November 24, 2023. Slightly less than 40% of shoppers said they’ll partake in Cyber Monday deals.

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Brittney Meredith-Miller

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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