Changing Consumer Behaviour and Technological Advances : Global Commerce Challenges
Delivered October 22, 2019. Contributor: Agnidip M.
To find out quantitative evidence describing global commerce challenges retailers and financial institutions are facing in a constantly changing environment due to consumer behavior and technological advances.
Rapid Expansion of Internet
As per the 2018 Global Digital suite of reports from We Are Social and Hootsuite, out of the total global population of 7.593 Billion, 53% i.e. 4.021 Billion were internet users.
Globally, the number of internet users grew by 7 percent year-on-year in 2018 with Africa experiencing the fastest growth rate with the number of internet users across the continent increasing by more than 20 percent year-on-year.
Around 94% of targeted emails use malicious file attachments as the payload or infection source, while 91% of cyberattacks begin with a "spear phishing" email which is an increasingly common form of phishing that makes use of information about a target to make attacks more specific and personal.