GUEST OPINION by Mathew Gomizel, Radware: With the year’s biggest shopping season just around the corner, consumers are preparing to take advantage of enticing discounts and offers from a range of e-commerce websites and applications.
Online payments provider PayPal has revealed its counter-offensive against criminals who seek to take advantage of the COVID 19 pandemic, saying it is now actively working with law enforcement in Australia to identify and prevent opportunistic online crime.
Global online payment fraud is predicted to cause losses exceeding US$200 billion over the next five years, driven by the increased sophistication of fraud attempts and the rising number of attack vectors.
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