Beware this Cyber Monday: Shopping securely online as you grab the best deals

  • Date: 25-Nov-2022
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
  • Who else needs to know?

Beware this Cyber Monday: Shopping securely online as you grab the best deals

Dubai, United Arab Emirates

Cyber Monday emerged in 2005 as a continuation of the long weekend shopping starting on Black Friday. Black Friday, named after Thanksgiving was initially intended for sales and shopping in physical stores, and "Cyber Monday" for the same, but for online stores and ecommerce platforms. According to a new report by Adobe Analytics, Cyber Monday in the US is expected to remain the year’s biggest shopping day, driving an impressive $11.2billion in spending in the US, increasing 5.1% over last year, versus just 1% growth for Black Friday sales.

Nowadays both dates are practically the same and have no differentiation, not only in terms of purchases and figures, but also in the cyber-attacks they receive and which are related to these ‘shopping’ days. With last year’s supply chain issues resolved, it is expected that Cyber Monday sales and participation will increase exponentially as shoppers flock online to look for deals; online retail stores have already started advertising for Cyber Monday deals, weeks ahead of the actual day on November 28th. Webloyalty's Black Friday 2022 report shows that this year both shopping and spending on both days will increase. An 11% increase in sales and an average spend of