cyber trends
Fraudsters have
noticed an increased
demand of the
completely virtual
merchandise that is
easy to monetise.
Michael Reitblat, CEO and Co-founder
of Forter
appearing, in particular an increase
in purchases of inbound international
travel to China in the weeks before the
country closed down inbound travel
on March 26. Data in March points to
‘optimistic travel’ in which the travel
date is 120 or more days following
booking. Such bookings now account
for 65% of travel purchases.
• The food and beverage industry has
seen a dramatic increase in online
purchases. New accounts now
represent 15–25% of all customer
volume, compared to 5–7% prior
to the pandemic. As merchants
struggle to manage the increased
volume and meet expectations of
new customers, we are seeing an
increase in service chargebacks.
Fraudsters are exploiting confusion and
uncertainty caused by government and
corporate policies:
• As people adjust to working from
home, Forter sees a marked
www.intelligentciso.com | Issue 25
19