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Beware of Holiday Scams

The holidays are a particularly busy time for businesses and, unfortunately, fraudsters. Be aware of 2022 holiday scams you might see again in 2023.

Infographic describing holiday scams. A full description is available through a link beneath the image.

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Synovus Commerce Suite features comprehensive security with real-time authentication, account takeover prevention, payment fraud detection, customer screening and PCI DSS compliance. It is everything your business needs to detect and prevent holiday scams.

To learn more, complete a short form and a Synovus Merchant Services Consultant will be in touch to assist you. You can also call 1-888-SYNOVUS (1-888-796-6887) or stop by one of our local branches.

Important disclosure information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

  1. TransUnion, “Digital Holiday Fraud in 2022,” 2022 Back
  2. Chain Store Age, “Study: Total e-Commerce Fraud in 2023 will Exceed $200 Billion,” January 25, 2023 Back
  3. TransUnion, “Digital Holiday Fraud in 2022” Back
  4. Yahoo Finance, “2022 Holiday Bad Bot Research: 50% Increase in Bad Bot Traffic, 6x Increase in Gift Card Fraud, and 3x Spike in Fake Account Creation,” December 1, 2022 Back
  5. Ibid Back
  6. Security Today, “Billions on the Line: Keeping Stores and Shoppers Safe During the Holidays,” November 15, 2021 Back
  7. Merchant Fraud Journal, “Chargebacks Consumer Survey Report 2022,” 2022 Back