An increase in cyber attacks during the upcoming shopping surge

An increase in cyber attacks during the holiday shopping surge

November 24, 2020

 

An increase in cyber attacks on online retailers is expected during the upcoming holiday shopping surge

A recent threat intelligence report published by Imperva Inc., indicates an expected peak in online shopping during the upcoming holiday season, leading to a subsequent increase in cyber-attacks. This surge in retail web traffic is a predictable result of a global shift to online shopping, imposed on shoppers by the Covid-19 pandemic.

According to Imperva’s report, after recent “stay-at-home” orders were given, web traffic to retail sites increased by as much as 28% above the weekly average, surpassing the record web traffic of the same time last year. This change gives rise to an identified increase in 2020’s cyber-attack trends all with the goal of disrupting online activities. These trends include:

  • Bad bots –automated malicious attacks that serve as one of the biggest and most common threats to online retailers since before the Covid-19 pandemic and during it;

 

  • API attacks – 2020 has seen a growth in attacks targetting sensitive payment methods;

 

  • Web attacks – attacks on websites have also increased during the past year;

 

  • DDoS attacks (distributed denial-of-service) – an increase in these attacks has been identified during 2020, specifically in light of “stay-at-home” orders that were issued.

 

  • Account Takeover (ATO) Attacks – mainly targeting online retailers, cyber criminals enjoy a high success rate by using leaked credentials to defraud retailers;

 

According to Imperva’s research, the upcoming holiday season poses a double risk to retailers who stand to gain significant revenues, due to the expected unprecedented increase in both web traffic and related cyber-attacks. In order to successfully face these threats, Imperva suggests retailers use integrated security platforms that will increase online performance while adhering to top security standards.

 

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