Loyalty accounts are big business, and hackers and fraudsters are increasingly zeroing in on a potential goldmine. According to one study, the global market for loyalty management is set to grow at an annual growth rate of 12.3% over the coming seven years to reach nearly US$18 billion by 2028. And where there’s money and users, cybercrime inevitably follows.

“This study confirms what we already suspect — remote employees are connecting to sensitive corporate information from personal devices on insecure consumer-grade home networks, whether they should or not,” says David Cummins.

The closing days of holiday season are often the most risky, as shoppers face limited supply and shipment delays. Many shoppers are willing to compromise with untrustworthy sources in order to buy gifts on time.

Group-IB researchers assess the rising complexity of the global threat landscape and highlight the ever-growing significance of threat actor coalitions in the report, which examines cybercrime developments in H2 2020–H1 2021.

“For CEOs in Saudi Arabia, strengthening governance and bolstering their ability to recover from a major incident are the most important strategies for establishing digital resilience,” said Mazhar Hussain Digital Lighthouse Lead for KPMG.