Battling a steady stream of malicious cyber attacks is hard enough, but there are actually peaks of fraudulent attacks due to seasonality and geography.
Mary Ann Miller, managing director of Fraud and Industry Relations at NICE Actimize explains cyber fraud peaks during the holidays between Christmas and New Years Eve. Simply explained, it's a more active time when shoppers are transacting on all different kinds of devices in all places.
Hackers see the holidays as an opportunity to launch substantial attacks because businesses are very preoccupied with business as usual-type activities. "Fraudsters understand this and try to blend in and commit their fraud."
Like Santa, security teams can turn to a list to prepare for the holiday season. Be sure to check it twice.
Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio