We mark holidays on our calendar. We plan things to do. We go on a trip. We invite friends and do whatever we can’t do or couldn’t do on a usual working day. Well, the holiday season is around the corner! You might have something on mind for Cyber Monday and Black Friday.

Every brand tries to make most of the shopping mania grappling the consumers. You know what’s common between them. Yes, you are right – best deals.

Here is a walkthrough of Cyber Monday and Black Friday.

Cyber Monday

Is it a federal or state holiday? No
What it is? Marks the beginning of holiday shopping season.
What’s special? Focus on online retail
When it’s observed? Immediate Monday that comes after Thanksgiving
Date in 2021 November 29, 2021

How Wikipedia defines Cyber Monday

“Cyber Monday is a marketing term for e-commerce transactions on the Monday after Thanksgiving in the United States”

Black Friday 

Is it a federal or state holiday? No excluding some exceptions
What it is? Marks the beginning of holiday shopping season.
What’s special? Stores offer highly promoted sales on Black Friday and open very early (sometimes as early as midnight, or some time on Thanksgiving Day.
When it’s observed? Next day of Thanksgiving
Date in 2021 November 26, 2021

How Wikipedia defines Black Friday

“Black Friday is a colloquial term for the Friday following Thanksgiving Day in the United States. It marks the start of the Christmas shopping season.”

Significance: Commercial vs Cultural

Cyber Monday and Black Friday – both events have more commercial significance than cultural. Black Friday is an older event than Cyber Monday. It commenced even before the world was familiar with the Internet. With brick-and-mortar businesses also adopting eCommerce, Cyber Monday has gained momentum. According to market research, the Covid-19 pandemic has accelerated the sales shift from in-store to online. The days starting from Thanksgiving Day to Cyber Monday are known as Cyber 5 and they witness increased sales. Cyber Monday 2020 became the biggest online shopping day in U.S. history, hitting approximately 10.8 billion U.S. dollars in online sales, according to Statista.

Global Adoption

Cyber Monday and Black Friday both have their root in the US, but the globalization and commercial interests of many have propagated them to the global level. Commercial establishments around the world from an offline giant like Macy to online like Amazon are leaving no stones unturned to capitalize on the opportunity. We, at Cheapfaremart, also help travelers to get discounts on flights. The Cheapfaremart Promo code page has all the details.

A Word of Caution

Greed, negligence, and lack of awareness – Internet perpetrators or crooks take advantage of these human instincts and try to trap shoppers into their scams to steal their personal information and money. Here are the six common cyber threats that lurk high. Staying informed and alert can help you save your hard-earned money.

#1. Spoofing

Spoofing is when someone disguises an email address, sender name, phone number, or website URL—often just by changing one letter, symbol, or number—to convince you that you are interacting with a trusted source.

For example, you might receive an email that looks like it’s from your favorite brands you have engaged with earlier, —but it isn’t.

They manipulate you into believing that you have an offer or discount from a trusted vendor and can walk you through downloading or opening malicious software that can steal your card or personal information.

#2. Phishing

Phishing also starts with spoofing. The technique lures you in and gets you to take the bait. These scams are designed to trick you into giving information to criminals that they shouldn’t have access to. Phishing has evolved into three popular types:

  1. Vishing scams happen over the phone, voice email, or VoIP (voice over Internet Protocol) calls.
  2. Smishing scams happen through SMS (text) messages.
  3. Pharming scams happen when malicious code is installed on your computer to redirect you to fake websites.

#3. ATM Skimming

The crooks usually install some chips into the ATM machine where the card is inserted. The chips collect the card number and other details that are later misused to perform undue transactions.

#4. Counterfeit shopping apps

Internet attackers take advantage of the online shopping craze around the shopping events to trick users entering their sensitive financial details into counterfeit shopping apps. They may have a look similar to popular apps or can have deals with enticing offers.

#5. Device theft

You should also be cautioned regarding device theft. If the inevitable has happened, the immediate step is to wipe out the lost device’s data and report the incident to your bank and a cybercrime cell.

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