Cape Town - An increase in online shopping marks an ideal hunting ground for cybercriminals, experts have warned.
According to IT group Dimension Data, consumers who are doing their festive shopping online could risk losing up to R70 000 per incident to cybercrime.
Research by Barclays shows that more than a quarter of all online scams in the UK occur over the Christmas period, while Threat Metrix said there were over 50 million global cyber attacks during the 2017 holiday season.
Statistics show that trends on local shores are much the same. According to the SA Banking Risk Information Centre (Sabric), South Africa has the third highest incidence of cybercrime worldwide, losing about R2.2 billion a year to cyber attacks.
According to Dialdirect Insurance head Maanda Tshifularo, cybercriminals take the holiday season seriously and prepare well in advance for their online shopping sprees. “The reasons are easy to understand. There is an increase in online shopping, meaning an increase in credit card and other personal information available for stealing.