Why cybercrime continues to provide a prime threat to businesses in MENA region - Arabianbusiness

Why cybercrime continues to provide a prime threat to businesses in MENA region - Arabianbusiness

Amazon Prime Day may have provided an opportunity for bargain hunters across the region to take advantage of discounted deals, but the two-day promotion also opened up another avenue for cyber-criminals to wreak their havoc.

Cyber criminals established malicious domains in the month leading up to Amazon Prime Day, a Point Software study found, with 46 percent of new domains including the word Amazon found to be bogus.

Prime Day, the two-day bargain hunt on the e-commerce giant, generated about $6.8 billion in revenue for Amazon this year, according to estimates from Morgan Stanley; about half of that revenue came from third-party merchants.

“While low costs and convenience are understandably appealing, there is another aspect to the e-commerce revolution that consumers need to be mindful of, especially on occasions like Amazon Prime Day,” said Steven Cunnington, global lead for identity assistance solutions, Collinson.