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Decipher RED Flags to Unveil Fraud on GREEN Monday
Do you know?There isanothername for the secondMondayof December;it’scalledGreenMonday.It
is the last biggest online sale of the year after Black Friday and Cyber Monday and a golden buying
opportunity for the last minute holiday shoppers. Majority of retailers will start their online sales at
midnighttoget most of the GreenMonday salesadvantage.FromThanksgivingtoCyberMonday online
saleshasalreadygeneratedmorethan$24Billionthisyearsettingapromisingholidaysalesseasonahead.
Mobile Phones Will Lead the Sales
2017 GreenMondaysawa247% increase inmobileappsalesover2016anditisexpectedtokeepgrowing
at an elevatedrate in2018 as well.Thisis the prime reasonwhy fraudstersare continuously sharpening
their attacks on the mobile channel. 2017 Green Monday witnessed the 194% increase in fraud attacks
on mobile app as compared to 2016. Businesses needs to prioritize and augment their fraud fighting
approach towardsmobile platformasmobile transactionswere up by 55.6% on Cyber Monday overlast
year to reach $2.2 billion in sales.
Fraud is Drawing Revenue Out of Businesses
The holidayseasonhasbecome the prime timeforfraudasmore fraudulentactivitiesare reportedevery
year.Identitythefthastakenthe centerstage asconsumersoptfornew credit/debitcardaccountsowing
to the greatdiscountsoffered.Fraudstersleveragethe opportunityasitislesslikelytoidentifyfraudulent
activities ensuing to elevate transaction volumes.
Non-Legacy FraudPrevention with24X7 Coverage toProtect Your Business
Card fraud isprojectedtoreach$12.12 Billionby2020 inU.S. ID theftalongwith databreaches will make
the fraud impact larger on FI’s and merchants. Being aware of emerging fraud trends and employing
protective fraudprevention approachisthe bestdefenseforbusinessesagainstfraudperpetrators.Don’t
lose the year’s biggest profit-making opportunity to fraud.
QPS’ 24×7 and AI driven transaction monitoring for effective fraud detection, prevention and secure
payment processing will provide a multilayered fraud defense to businesses. Solutions integrated with
machine learning and human eye review ensures smooth shopping experience for your customers and
enhances your order acceptance rate and ROI.
Originally Shared at
http://qpsinternational.com/blog/decipher-red-flags-to-unveil-fraud-on-green-
monday/

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Green Monday 2018 : Holiday Fraud is Drawing Revenue Out of Businesses

  • 1. Decipher RED Flags to Unveil Fraud on GREEN Monday Do you know?There isanothername for the secondMondayof December;it’scalledGreenMonday.It is the last biggest online sale of the year after Black Friday and Cyber Monday and a golden buying opportunity for the last minute holiday shoppers. Majority of retailers will start their online sales at midnighttoget most of the GreenMonday salesadvantage.FromThanksgivingtoCyberMonday online saleshasalreadygeneratedmorethan$24Billionthisyearsettingapromisingholidaysalesseasonahead. Mobile Phones Will Lead the Sales 2017 GreenMondaysawa247% increase inmobileappsalesover2016anditisexpectedtokeepgrowing at an elevatedrate in2018 as well.Thisis the prime reasonwhy fraudstersare continuously sharpening their attacks on the mobile channel. 2017 Green Monday witnessed the 194% increase in fraud attacks on mobile app as compared to 2016. Businesses needs to prioritize and augment their fraud fighting approach towardsmobile platformasmobile transactionswere up by 55.6% on Cyber Monday overlast year to reach $2.2 billion in sales. Fraud is Drawing Revenue Out of Businesses The holidayseasonhasbecome the prime timeforfraudasmore fraudulentactivitiesare reportedevery year.Identitythefthastakenthe centerstage asconsumersoptfornew credit/debitcardaccountsowing
  • 2. to the greatdiscountsoffered.Fraudstersleveragethe opportunityasitislesslikelytoidentifyfraudulent activities ensuing to elevate transaction volumes. Non-Legacy FraudPrevention with24X7 Coverage toProtect Your Business Card fraud isprojectedtoreach$12.12 Billionby2020 inU.S. ID theftalongwith databreaches will make the fraud impact larger on FI’s and merchants. Being aware of emerging fraud trends and employing protective fraudprevention approachisthe bestdefenseforbusinessesagainstfraudperpetrators.Don’t lose the year’s biggest profit-making opportunity to fraud. QPS’ 24×7 and AI driven transaction monitoring for effective fraud detection, prevention and secure payment processing will provide a multilayered fraud defense to businesses. Solutions integrated with machine learning and human eye review ensures smooth shopping experience for your customers and enhances your order acceptance rate and ROI. Originally Shared at http://qpsinternational.com/blog/decipher-red-flags-to-unveil-fraud-on-green- monday/