Financial Cybersecurity Statistics for Black Friday and Cyber Monday 2024: What the Numbers Reveal

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<li>Cyberattacks during <strong>Black Friday and Cyber Monday</strong> are projected to rise by <strong>20% in 2024</strong>, following a <strong>15% increase in 2023</strong>.</li>
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<li>Financial fraud cases during holiday shopping periods account for nearly <strong>$8.5 billion annually</strong>, with <strong>$2 billion</strong> occurring in the US alone.</li>
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<li><strong>E-commerce platforms</strong> experience a <strong>65% surge in phishing attacks</strong> during Black Friday sales, targeting payment systems and consumer data.</li>
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<li>In 2024, itâs expected that <strong>45% of holiday shoppers</strong> will face some form of attempted cyberattack, compared to <strong>40% in 2023</strong>.</li>
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<li><strong>Ransomware incidents</strong> have doubled during high-volume shopping weekends, with average demands exceeding <strong>$250,000 per incident</strong>.</li>
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<li>Financial institutions report detecting <strong>30% more fraudulent transactions</strong> during Cyber Monday, with <strong>card-not-present fraud</strong> being the most prevalent.</li>
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<li>Globally, <strong>72% of businesses</strong> admit they are underprepared to handle the surge in cyber threats during these shopping events.</li>
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