Woburn, Mass.-based Kaspersky Lab experts expect the number of financial phishing, malware and POS terminal attacks to rise during the holiday shopping season and affect financial institutions, retailers, and customers.

Kaspersky Lab security specialists expect that in 2016 the trends, including a higher than average percentage of financial phishing and scams, will continue their development as phishing remains one of the main sources of credit card data for criminals. And phishing is still one of the easiest ways to set up a fraud scheme.

Both in 2014 and 2015, Kaspersky Lab researchers witnessed a significant increase in phishing attacks against payment systems and online stores during the gift-giving season, which includes Black Friday and Cyber Monday. Attacks against financial institutions also grew, but at a lower rate.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).