Technology

Mobile Phone Shopping Sparks Jump in Fraud Risk

The holidays are looming large on the calendar and people are starting to think about family, friends and food.

But there’s another f-word that security analysts should think about: fraud.

Shopping season will soon be upon us, and a study by Riskified, an artificial intelligence-based ecommerce fraud management platform, revealed that as the number of purchases rises during the holiday season, the total number of frauds tends to follow suit.

Read:More NVIDIA GeForce RTX 4090 Custom Model Graphics Cards From Gigabyte Leak Out

Inflation is likely to have a significant impact on holiday shopping this year, causing merchants to lower their sales forecasts.

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