Picture walking up to a house and lifting the welcome mat to find a key underneath.
It’s convenient, predictable and exactly where someone with bad intentions would look first.
Most businesses treat their passwords the same way.
Thanksgiving is a season of gratitude, generosity, and, for businesses, a boost in sales. But along with the hustle and holiday cheer comes a heightened risk of scams that take advantage of busy operations. Between seasonal hires, increased transaction volume, and year-end pressures, fraudsters see an opportunity to strike.
Even in good times, scammers circle around generosity. But during the holidays, when giving increases and emotions run high, they truly pounce.
A few years ago, a massive telefunding fraud was shut down after authorities discovered that the perpetrators had made 1.3 billion deceptive donation calls and collected over $110 million from unsuspecting donors.