Cyber Monday Is America’s Favorite Fake Holiday

Photo: Joe Raedle/2013 Getty Images

While Black Friday sales were underwhelming this year, Cyber Monday was on track to be the biggest day ever for online shopping. By 6 p.m. Eastern time on Monday, online sales were up 17.5 percent from last year, according to IBM Digital Analytics Benchmark. Comscore estimated that shoppers would spend about $2 billion, up from $1.46 billion a year ago. The news seems good for both retailers and consumers, who scored some discounts without the risk of being elbowed by other shoppers. However, the Washington Post put a damper on things by noting that with increased online sales comes more cyber crime. "I would expect a sharp increase in scams this year," said Cameron Camp, security researcher at the information technology firm ESET. At least we don't have to worry about being hit in the head with Prime Air drones – yet.