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- Black Friday triggers more than 600% rise in attempted retail cyber scams
Black Friday triggers more than 600% rise in attempted retail cyber scams
The U.S. retail sector saw a surge in cyber threats, with phishing attacks mimicking major holiday brands like Walmart, Target, and Best Buy skyrocketing by over 2000% during peak shopping periods.
š¢ Hey, Retailist Roundup readers! The holiday season is hereāstay informed on the latest retail trends and cybersecurity risks to navigate this critical shopping period effectively!
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The United States retail sector faced an especially aggressive wave of cyber threats, with phishing attacks mimicking major holiday brands3 including Walmart, Target, and Best Buy increasing by more than 2000% during peak shopping periods.
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In the news: Top headlines this week
Fear of Trump Tariffs Leads Consumers to Stockpile Goods SConsumers are stockpiling dry goods, medications, and essentials ahead of President-elect Trump's proposed tariffs, which could impose significant levies on imports from China, Mexico, Canada, and other countries. Unlike pandemic-driven shortages, this rush stems from anticipated price hikes. [RetailWire]
5 retailers that need a great 2024 holiday season. As the year-end approaches, retailers face crunch time, with a strong finish in 2024 critical for some. Amid tighter consumer budgets, "value" has become the key focus to attract shoppers and maximize holiday sales. [Retail Dive]
AI to influence over $200B in holiday sales. AI is transforming holiday shopping, driving over $200 billion in sales this season, a 12% rise from last year, according to Salesforce. Generative AI usage by retailers has surged 23% since Cyber Monday, contributing to global online sales of $849 billion from Nov. 1 to Dec. 15, up 4% year-over-year. [Retail Dive]
From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts. Retailers like Walmart and Home Depot are tapping into the trend of increased spending on seasonal decor, even as consumers stay cautious with other discretionary purchases. Deloitteās annual holiday survey shows a 9% rise in nongift spending, driven largely by holiday decorations. [CNBC]
Walmart employees are now wearing body cameras in some stores. Walmart is piloting the use of body cameras for employees in U.S. stores to deter theft and manage conflicts, following a trend seen in retail. TJX Companies also adopted this technology for loss prevention earlier this year. [CNBC]
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