A successful holiday shopping season often means the difference between black and red ink on the bottom line for an online business. In an October 2013 study conducted for RSA Security by the Ponemon Institute, respondents reported an average 55 percent boost in daily revenues during high-traffic periods like the last two months of the calendar year. However, the holidays also bring a corresponding spike in cyber-crime, and a company’s inability to safeguard its Website can come with a high price tag. In fact, the Ponemon study found that, on average, losses for midrange and larger companies can amount to $500,000 per hour of downtime—or $8,000 for every minute purchases are prevented from being completed.

While 64 percent of organizations see significant increases in attack activity at this time each year, nearly 70 percent do not take additional precautions in anticipation of increased attacks. Using research from the Ponemon study, eWEEK examines the cyber-crime scenarios online businesses should watch out for during the holidays.

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