Online Fraud Attempts Increased 40% On Black Friday

Published December 03, 2008, 2:00 a.m. EST

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Updated December 03, 2008, 1:00 a.m. EST

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Fraudsters increased attacks on online retailers the day after Thanksgiving by 40% over last year, reports Retail Decisions Plc, a United Kingdom-based payment card issuer and provider of payment-processing and fraud-prevention services. "Forty percent uplift in attempted online card fraud is a dramatic increase," Carl Clump, Retail Decisions CEO, says in a statement. The value of attempted fraudulent transactions also increased to an average of $248, up 25% from roughly $195 during the same period last year, according to Retail Decisions. A Retail Decisions representative was not available to comment.

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