Online fraudsters are on the prowl this festive season

BDFINTECH

Online fraudsters are on the prowl this festive season. PHOTO | POOL

It is the Christmas season, meaning the shopping frenzy will lead to a surge in purchase transactions. And this comes from cyber attacks and fraud attempts in the retail sector. Is it time to panic?

A report by TransUnion, a global information and insights firm, shows that suspected online shopping scams have grown 42 percent in Kenya in the run-up to the festive season. 

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Note: The results are not exact but very close to the actual.