The eCommerce Holiday Prep List
November 22, 2017

Stephen Gates
Zenedge

Share this

As the 2017 holiday shopping season gets under way, with sales expected to hit $682 billion, this year could be the first that consumers spend more online than in stores. In fact, they may spend more than half of their holiday dollars online this year. As more people flock to e-commerce sites than ever before, the potential threat to retailers from hackers increases exponentially.

Jump to Infographic Below

As the volume of online transactions rises, fraudulent purchase attempts, denial of service (DoS) attacks and detrimental bot behavior spike, leaving retailers at risk of losing thousands, or even millions, in revenue on their busiest money making days of the year and could leave their reputations in shambles. Just think back to Target and Neiman Marcus who had breaches in peak holiday season.

Due to the massive data breaches reported this year, whereby hundreds-of-millions of identities were stolen, hackers and their bot armies are positioned quite well for a lucrative holiday season. Expect significant increases in counterfeit purchasers using fraudulent credit cards. In addition, hackers and their bot armies are likely to repetitively make and cancel purchases, hold and/or consume inventory, scrape sites, steal information, and a host of other unwanted activities. Since this is the time of year when retailers experience significant increases in sales (as compared to the rest of the year), it's imperative for retailers to take these threats serious, and plan for the worst.

Hacking tools are increasingly more available, DDoS botnets made up of infected IoT are growing in size and firepower, and launching cyberattacks are getting cheaper by the minute. There are more outfits in Russia, China, and elsewhere hacking for their own financial gain, and others are readily available for hire for lower costs than seen previously. The global political landscape, domestic discontent, and heightened security concerns will likely increase consumers' online purchases vs. going to malls and other physical outlets. This holiday season will be the perfect time to for hackers to target and disrupt the shopping season, creating havoc and causing chaos. Damages and losses could very well be at an all time high.

In order to combat these behaviors, see the checklist of precautions every retailer should keep in mind to prepare ahead of the holiday rush, including running a vulnerability scan, patching all systems, ensuring DoS protection, implementing a backup plan and understanding the potential attacks and your vulnerabilities, among other preparations.


Stephen Gates is Chief Research Intelligence Analyst at Zenedge
Share this

The Latest

April 18, 2019

A vast majority of organizations are still unprepared to properly respond to cybersecurity incidents, with 77% of respondents indicating they do not have a cybersecurity incident response plan applied consistently across the enterprise, according to The 2019 Study on the Cyber Resilient Organization, a study conducted by the Ponemon Institute on behalf of IBM ...

April 17, 2019

People and businesses today make mistakes similar to Troy, when they get too enamored by the latest, flashiest technology. These modern Trojan Horses work through their ability to "wow" us. Cybercriminals find IoT devices an easy target because they are the cool new technology on the block ...

April 16, 2019

Software security flaws cause the majority of product vulnerabilities, according to the 2019 Security Report from Ixia's Application and Threat Intelligence (ATI) Research Center ...

April 15, 2019

The majority of organizations (nearly 70 percent) do not prioritize the protection of the applications that their business depend on — such as ERP and CRM systems — any differently than how low-value data, applications or services are secured, according to a new survey from CyberArk ...

April 12, 2019

While 97 percent of organizations are currently undertaking or planning to undertake digital transformation initiatives, integration challenges are hindering efforts for 84 percent of organizations, according to the 2019 Connectivity Benchmark Report from MuleSoft ...

April 11, 2019

Companies have low visibility into their public cloud environments, and the tools and data supplied by cloud providers are insufficient, according to The State of Public Cloud Monitoring, a report sponsored by Ixia ...

April 10, 2019

Without improvement in time and budget constraints, the majority of tech pros (75 percent) say they will be unable to confidently manage future innovations, according to IT Trends Report 2019: Skills for Tech Pros of Tomorrow, a new report from SolarWinds. This reality ultimately puts businesses at risk of performance and competitive advantage losses, making the prioritization of skills and career development for tech pros paramount ...

April 09, 2019

Tech pros have one foot grounded in today's hybrid IT realities while also setting their sights on emerging technology, according to IT Trends Report 2019: Skills for Tech Pros of Tomorrow ...

April 08, 2019

This Thursday EMA will be presenting a webinar — Automation, AI and Analytics: Reinventing ITSM — covering recent research. There were quite a few surprises. And in fact, many of the surprises indicated a yet-more-positive outlook than we expected ...

April 05, 2019

Almost three-fourths (69 percent) of organizations have plans to deploy 5G by 2020, according to a new 5G use case and adoption survey by Gartner. Organizations expect 5G networks to be mainly used for IoT communications and video, with operational efficiency being the key driver ...