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2022 Cyber Predictions: Cryptocurrencies Will Further Accelerate Ecommerce Fraud

This is part of our 2022 cyber predictions series. We heard from top leaders in the industry about what cyber could bring in the new year.

Liron Damri, president, Forter

“Cryptocurrencies will further accelerate eCommerce fraud. Crypto makes bad actors more comfortable buying and selling information—it has created a rapidly expanding marketplace for consumer credentials. And wannabe fraudsters can also buy sophisticated tools to help them cheat and steal. As the pandemic has brought older shoppers online, who are less savvy about protecting passwords, it is now introducing a wave of new fraudsters into the fray. Consequently, businesses must more actively protect their customers at every critical interaction along the eCommerce funnel, from sign-up to login to checkout and more.”



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