NEW YORK (TheStreet) -- Cyber Monday has a ways to go before it measures up to its book-ended big brother, Black Friday.
But it's moving up fast, and that should lead to more safety concerns over identity theft and online scams among technology consumers.
According to IBISWorld, Cyber Monday pulls in 15% of the revenues of Black Friday. But this year, it should grow by 13.1% compared with last year to bring in $1.8 billion -- the biggest technology day on the calendar for U.S. retailers.
"The $1.8 billion shopping day has increasingly made its way to the top of shoppers' preferences for its plethora of online deals and free shipping promotions," IBISWord says. "This year will be no exception, as Cyber Monday outpaces growth during the remainder of the holiday shopping weekend."
Growth is great, but like ants to a picnic, bigger cash payouts on key holidays attracts a criminal element, many of whom have spent the year crafting ways of separating technology consumers from their money on Cyber Monday...
But it's moving up fast, and that should lead to more safety concerns over identity theft and online scams among technology consumers.
According to IBISWorld, Cyber Monday pulls in 15% of the revenues of Black Friday. But this year, it should grow by 13.1% compared with last year to bring in $1.8 billion -- the biggest technology day on the calendar for U.S. retailers.
"The $1.8 billion shopping day has increasingly made its way to the top of shoppers' preferences for its plethora of online deals and free shipping promotions," IBISWord says. "This year will be no exception, as Cyber Monday outpaces growth during the remainder of the holiday shopping weekend."
Growth is great, but like ants to a picnic, bigger cash payouts on key holidays attracts a criminal element, many of whom have spent the year crafting ways of separating technology consumers from their money on Cyber Monday...
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