F-Secure: Consumers Will Lose $10 Million to Cyber Criminals During Holiday Season

December 19, 2011 -

According to a new report from F-Secure, over $10 million will be stolen online by cyber criminals this holiday season, because consumers are increasingly turning away from traditional retail to shop at online retailers. Online shopping has increased 10 percent since the same period a year ago, to right around $30.9 billion dollars - so far - according to comScore. For example, Cyber Monday raked in $1.25 billion, and Free Shipping Day saw around $1.72 billion in revenue.

But, according to security firm F-Secure, online crooks are alert during these periods of mass internet spending, and enjoy quietly stealing more than $10 million of a total $60 billion in expected sales. 

F-Secure recommends that those people who shop online should visit retailer sites directly, and avoid using search engines. This is mainly to avoid redirect scams, where criminals take a legitimate website link and redirect the user to a website that may be a replica of a real site.

It's something to think about. F-Secure reports that there are 35 reported cyber attacks every hour.

Source: VentureBeat

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