Black Friday fraud dipped in 2024? Maybe good news…maybe not.
Frank on Fraud shared a TransUnion report of a 30% decrease in fraud on Black Friday this year. (Links below.)
This in turn was shared and analyzed by Hilton McCall, who noted several theories as to why fraudsters apparently took Black Friday off.
“Tighter fraud prevention measures by merchants and platforms.”
That’s good news.
“Shifting fraud tactics targeting other high-value days like Cyber Monday.”
“A possible focus on new fraud methods, like account takeovers and loyalty point scams, rather than traditional purchase fraud.”
That’s bad news.
Remain vigilant—and if your firm offers a fraud-fighting solution, share your message.
Frank on Fraud: https://frankonfraud.com/fraud-trends/fraudster-vacation-fraud-plunges-on-black-friday/
Hilton McCall: https://www.linkedin.com/posts/hilton-mccall_fraudprevention-blackfriday-cybersecurity-activity-7272611182727909376-lsyD
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