According to DataVisor nearly 17 million were victims of identity theft or fraud in 2017, but 2020's numbers are flattening those from past years. Since March, DataVisor's experts have identified a 134% increase in fraud attempts.
During the same timeframe, advertisers began pushing more of their ad dollars into the digital space, potentially making it more difficult for consumers to determine what were and are legitimate ads because of the sheer volume of copy not set for their eyes. According to LiveIntent's new report most advertisers (80%) have increased their digital spending since March.
While about one-third of marketers (38%) say they've seen an overall decrease in sales during the pandemic, across the board they are seeing a 460% increase in conversion rates, and half of those surveyed say they've seen an increase in digital sales during the pandemic months. Other interesting findings include:
▪ 73% of B2B brands are pushing ad dollars toward email, 45% plan to increase programmatic spending
▪ 45% of direct-to-consumer brands plan to increase social ad spends, 42% will increase search spending
And, according to new Adobe data while Labor Day sales didn't have a big impact for many brands($2.6 billion in estimated spending), overall ecommerce spending is up. Since the lockdowns began in the US, Adobe notes that there have been more than 130 days when ecommerce sales surpassed the $2 billion mark.
"While online shopping continues to dominate, we're now seeing a slowdown in growth as more people return to shopping in brick-and-mortar stores and consumers curb their online spending across certain categories, like apparel. Additionally, the last-minute momentum that impacted travel bookings, was sorely lacking when it came to driving online retail sales, over the Labor Day Weekend. Despite these factors, online sales were up 42% YoY in August, reaching $63 billion," said Vivek Pandya, Senior Digital Insights Manager, Adobe Digital Insights.
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