Online scams spike in festive season

Cybercriminals, known to prey on consumers shopping online during festivals, have been even more active this year on account of longer-running festive sales, experts said.

More and more home-bound consumers are now shopping online and making online payments, which has made targeting festival season sales all the more lucrative for attackers.

During the October-November sales, online stores generated $8.3 billion in gross sales, growing at 65% year-on-year, according to RedSeer, a consulting firm.