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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