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Published: Nov 13, 2020 5 min read
Jade Schulz for Money

Lazy trips to Target aren’t an option in 2020 — this year, holiday shopping is all about finding the perfect gift on the World Wide Web. And while digital payment systems like Apple Pay and Shop Pay have made the checkout process nearly seamless, there's still a huge risk of fraud.

According to Adam Levin, chairman and founder of identity protection firm CyberScout, it’s a “cat-and-mouse” situation between the bad guys and the retail industry.

“When you’re dealing with hackers, you’re dealing with sophisticated, creative and extremely persistent people,” Levin adds. “Protections that most retailers and financial institutions have are advanced, robust and constantly evolving to meet the highest standards — but there’s a lot of money on the side of evil.”

In brick-and-mortar stores, the primary financial threat occurs at the point of sale. Think: Physical devices that skim your debit card and steal the info when you slide it into an ATM.