Norton Report Reveals Rising Cybersecurity Concerns for Holiday Shoppers Amid AI Integration

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A new Norton report highlights increased cybersecurity risks during holiday shopping, with nearly half of U.S. consumers targeted by scams. The study also examines the role of AI in online shopping and consumer attitudes towards it.

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Holiday Shopping Scams on the Rise

As the holiday shopping season approaches, a new report from Norton, a consumer Cyber Safety brand of Gen (NASDAQ: GEN), reveals alarming trends in online shopping scams. According to the 2024 Norton Cyber Safety Insights Report: Holiday, nearly half (48%) of U.S. consumers report being targeted by a scam while holiday shopping online

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The report highlights that over 60% of Americans plan to do most of their holiday shopping online this year. However, this convenience comes with increased risks, as 62% of shoppers express concern about becoming victims of cybercrime during the holiday season

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Cyber Safety Sunday: A New Initiative

To combat these rising threats, Norton is promoting "Cyber Safety Sunday," observed on December 1st, as a day for shoppers to take proactive steps to enhance their online safety. This initiative comes at a crucial time, as nearly half of Americans (48%) plan to do most of their holiday shopping between Black Friday and Cyber Monday

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Leyla Bilge from Norton emphasizes the importance of staying vigilant: "The holidays can be a hectic time, and when we are busy or looking for ways to save money, sometimes we let our guard down"

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The Price of Discounts: Privacy Risks

The report also sheds light on the risks associated with discount-seeking behavior. With 87% of online shoppers spending extra time looking for discount codes, many are unknowingly exposing themselves to potential privacy breaches

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Norton's data reveals that two-thirds (67%) of people have taken some action to receive a discount code, with 57% signing up for mailing lists and 39% answering surveys. Alarmingly, 65% of people were willing to give personal information, including email addresses (91%), phone numbers (52%), and home addresses (35%)

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AI in Holiday Shopping: A Double-Edged Sword

The integration of AI in holiday shopping presents both opportunities and challenges. While 23% of shoppers have interacted with AI chatbots or assistants, and 43% have noticed AI-enhanced search results, consumer trust remains low

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Only 36% of Americans find AI recommendations helpful, and a mere 26% trust AI to handle their personal information securely. Moreover, 57% of shoppers would abandon their carts if they could only interact with a chatbot instead of a human customer service representative

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Social Media Shopping: A Persistent Trend

Despite general distrust in social media platforms, 37% of Americans have purchased holiday gifts through social media ads. Facebook leads with 60% of these purchases, followed by Instagram (48%) and TikTok (40%)

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Cybersecurity Threats Intensify

The holiday season sees a significant spike in cyber threats. Gen data reveals a 53% increase in malvertising attacks and a staggering 227% rise in adware during last year's holiday shopping season

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To stay safe, Norton recommends finding discount codes directly from retailers, using alternative email addresses for online shopping, and carefully considering the potential risks before sharing personal information for discounts

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