Fortinet, a global leader in broad, integrated and automated cyber security solutions, today reminded online shoppers and bargain hunters to stay vigilant against cybercriminals during the Festive online shopping season.
E-commerce firms generate a majority of their annual sales during the festive Diwali season as 20 Million shoppers areexpected to purchase online. According to a RedSeerConsulting report the gross merchandise value (GMV) generated in India’s e-commerce business during Diwali stood at $ 3 billion in 2018. The usage of debit cards and credit cards is the highest during the season due to multiple offers in partnerships with banks. Wallets and new affordability options introduced by the e-tailers also increase the usage of online payment methods during this festive season.
With 75.8 %, India tops mobile shoppers in APAC countries, with users having made at least one purchase through their mobile phones in the three months preceding the Mastercard’s Mobile Shopping Survey (2017).
“As our ability to purchase, make online transactions and connect through smart devices gets easier, we need to understand that these conveniences come with risks. Cybercriminals are determined and informed on the latest trends and know how to exploit them. So, it is no surprise that during the festive season when users spend a significant amount of time shopping and conducting financial transactions their devices are more likely to be targeted by cybercriminals than ever.” said Rajesh Maurya, Regional Vice President, India & SAARC, Fortinet.
Fortinet safe online shopping guide:
Finally take the time to educate yourselves, your friends and family – about shopping carefully so everyone can have a happy, and safe festive season.