Cybercrime is on the rise with the growing number of online shoppers, a trend which usually happens when holiday season is approaching.
According to security experts, peak shopping season has now begun with the arrival of Christmas and New Year, attracting fraudster and online criminals to lure potential victims to give their credit card numbers and other sensitive banking details.
PC Tools, a company which produces software for online security, has recently reported that its system is intercepting a rising number of malware which is a software designed to infiltrate a computer system and get unauthorized access to owner’s personal details including banking information.
Online shopping, despite the threats posed by online thieves, is becoming popular since more people are lured with the convenience provided when doing shopping through the Internet. Finding products with a discounted price and avoiding the hassles when going to mall are few of the reasons why online shoppers are on the rise.
PC Tools security vice president Michael Green said that online criminals seem to be preparing their malware software even before the peak season of online shopping.
Authorities and online stores are preparing for the steady increase of online shoppers by developing new security software which can filter and intercept fraudster and Internet-based criminals.
According to the latest survey conducted by Market Research Firm, more than half of American households will shop through Internet at least once during Christmas holiday this year.
Bolstering security features are important since American consumers are expected to spend almost $44 billion doing online shopping this month, a 12 percent increase from the same period last year, according to Forrester Research.
Security experts warn consumers of dummy web sites which often lure people to give their personal details, including banking details and information.
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