Holiday Shopping Pulled Forward While Online Shopping Surge Continues

Cyber Monday 2020 was the largest online shopping day in US history reaching $10.8 billion, but that superlative will likely be replaced this year as over $12.1 billion is forecasted for US online sales on Cyber Monday in 2021. As eCommerce holiday sales continue to surge, they are also pulled forward and spread out by consumers, worried about supply chain issues, beginning their holiday shopping earlier than usual. Nearly one-third of consumers plan to begin their holiday season shopping in the month of October. The question for online retailers is what does this mean for fraud and risk management during the holiday shopping months, which tend to be the most lucrative for merchants and fraudsters alike?  

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