E-Commerce News & Trends

Kaspersky: E-Commerce Accounts for 85% of Financial Phishing in the Middle East

Cybersecurity company Kaspersky has published a new report containing detailed insights into current financial cyberthreat trends. Accordingly, worrying developments are emerging in trends across the financial cybercrime landscape. The report showed that more than one million online banking accounts were compromised last year.

According to Kaspersky’s new report, more than 1 million online banking accounts were compromised by infostealers in 2025. Financial cyberthreats have shifted toward credential theft and the reuse of data. Attackers are turning to social engineering and dark web marketplaces. Mobile financial malware, meanwhile, continues to grow.

Traditional financial phishing has not disappeared. According to 2025 data, pages imitating online stores dominated the financial phishing landscape with a rate of 48.5%. This represents an increase of 10.3% compared to 2024. Fraud conducted through this method occurred at rates of 26.1% in banking and 25.5% in payment systems. A decline was observed in bank phishing compared to 2024. The reason is thought to be that these services are becoming increasingly difficult to imitate and that fraudsters are turning to easier ways to access users’ finances.

According to Kaspersky, E-Commerce Fraud Is at Its Peak in the Middle East

According to the Kaspersky report, attackers are now adapting their campaigns according to regional digital habits. In the Middle East, financial phishing is overwhelmingly concentrated on e-commerce with a rate of 85.8%. This shift is particularly important for Gulf Cooperation Council markets such as the UAE, where e-commerce penetration and digital payments have expanded rapidly in recent years, supported by high smartphone usage and government-backed digital economy strategies.

In Africa, bank-related phishing is leading at 53.75%. Latin America shows a more balanced distribution, but the share of targeting e-commerce and banks is higher. APAC and Europe, meanwhile, display a structure more evenly distributed across all three categories; this points to diversified attack strategies.

“The Dark Web Has Become a Central Hub for Financial Cybercrime”

Polina Tretyak, a Kaspersky Digital Footprint Intelligence analyst, noted the following regarding the data in the report: “The dark web has become a central hub for financial cybercrime. Stolen credentials and bank cards harvested by infostealers are aggregated, repackaged and sold there, while phishing kits targeted at users of financial products are offered as ready-to-use services. This creates a self-sustaining ecosystem where data theft and fraud operations reinforce each other, making attacks scalable and easy to carry out even by fraudsters with minimal experience. Breaking this cycle requires proactive threat intelligence on the side of organisations and greater awareness and caution on the side of individual users.”

Kaspersky Report: Malicious Tools Increased by 59% Globally

Some of the notable data in Kaspersky’s new report are as follows;

Financial phishing attacks in the Middle East are now increasingly targeting online shoppers rather than bank customers. More than 85% of these scams are now linked to fake e-commerce platforms.
Malicious tools showed a major rise, and detections increased by 59% globally in just one year.
While traditional phishing scams continue, the data revealed a notable shift in target preference.
Mobile attacks showed a striking increase of 1.5 times compared to 2024.
The dark web has become a hub for cybercrime. This is because stolen credentials and payment details are compiled and sold in the underground marketplace of the dark web.
74% of payment cards compromised by infostealers remained valid as of March 2026.
Consumers now manage their finances more on mobile devices. For this reason, while traditional PC-based financial malware continues to decline, mobile banking malware attacks increased by 1.5 times in 2025.
Globally, detections of infostealers increased by 59% between 2024 and 2025, including a 26% rise in the Middle East, and this reveals the growing scale of credential-based cybercrime in the region.

Install a Security Solution to Protect Against Fake E-Stores and Phishing Pages

Kaspersky offers the following recommendations to individuals and businesses for protection against cyberattacks and for cybersecurity:

For Individuals:

Do not click on links in suspicious messages.
Double-check web pages before entering your credentials or bank card information.
Use multifactor authentication wherever possible.
Create strong and unique passwords and store them securely in a password manager.
Install a reliable security solution to protect against fake e-stores and phishing pages.

For Businesses:

Review the entire infrastructure with experts. Eliminate vulnerabilities and consider external experts for new perspectives that can uncover hidden risks.

Use integrated platforms that provide rapid detection and rapid response to monitor and control all attack vectors across the organisation.

Nigeria’s Role in $216B Digital Economy Signals Positive Growth for West Africa

West Africa’s digital economy is rapidly expanding, now valued at an estimated $216 billion, with Nigeria emerging as the dominant force driving this growth. The development highlights the region’s increasing importance in the global digital landscape, as governments and regulators push for stronger coordination and innovation.

According to recent reports, Nigeria accounts for the largest share of digital activity in the region, supported by its population size, growing tech ecosystem, and expanding mobile connectivity. As the biggest economy in West Africa, the country continues to lead in areas such as fintech, e-commerce, and digital services, positioning itself as a regional hub for innovation.

This momentum is being reinforced by the efforts of the West Africa Telecommunications Regulators Assembly (WATRA), which is working to create a more unified and secure digital environment across its member states. Through regulatory alignment and collaboration, WATRA aims to unlock further growth potential and ensure that digital transformation benefits both businesses and consumers across the region.

Nigeria Leads West Africa’s Digital Economy Expansion

A key driver behind this growth is the rapid adoption of mobile technologies and digital financial services. Across West Africa, mobile connectivity continues to expand, enabling millions of users to access online platforms, digital payments, and e-commerce services. These technologies are not only improving financial inclusion but also creating new opportunities for startups and entrepreneurs.

Nigeria, in particular, has seen strong growth in fintech and digital platforms, attracting both local and international investment. The country’s digital ecosystem is increasingly supported by innovation hubs, government initiatives, and a young, tech-savvy population eager to engage with new technologies.

At the same time, regional cooperation is becoming more critical. WATRA’s recent initiatives focus on building a secure, inclusive, and resilient digital ecosystem, addressing key areas such as cybersecurity, 5G deployment, and infrastructure development. These efforts are essential for ensuring sustainable growth and reducing fragmentation across markets.

However, challenges remain. Regulatory differences, infrastructure gaps, and cybersecurity risks continue to pose barriers to full digital integration across West Africa. Addressing these issues will require ongoing collaboration between governments, regulators, and private sector stakeholders.

Looking ahead, the outlook remains highly positive. As digital technologies continue to evolve, West Africa is expected to play an increasingly important role in the global economy. With Nigeria leading the charge, the region’s $216 billion digital economy represents not just current growth, but a foundation for long-term transformation in commerce, finance, and connectivity.

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TikTok Shop’s 6-Market Expansion Signals Positive Shift in Europe’s Social Commerce Race

TikTok is accelerating its push into Europe’s e-commerce landscape, with plans to launch TikTok Shop in Poland and the Benelux region, marking another major step in the platform’s rapid regional expansion. As social commerce continues to reshape online retail, this move highlights both growing opportunities and intensifying competition across Europe.

Following successful rollouts in markets such as the UK, Germany, France, Italy, Spain, and Ireland, TikTok Shop is now preparing to enter new territories where digital commerce adoption is strong but still evolving. Industry reports suggest that countries like Poland, the Netherlands, and Belgium are among the next strategic targets, as TikTok aims to scale its integrated shopping ecosystem further.

TikTok Shop Expansion Reshapes Europe’s Social Commerce Landscape

At the core of TikTok Shop’s model is its “content-first commerce” approach – blending entertainment, influencer marketing, and seamless in-app purchasing. Unlike traditional marketplaces, TikTok enables users to discover and buy products directly through short-form videos and live streams, significantly shortening the customer journey. This model has already proven effective in the UK, where both seller participation and user spending have grown rapidly over the past two years.

The expansion into Poland and Benelux could unlock substantial growth, particularly for small and medium-sized businesses. TikTok Shop lowers entry barriers for merchants by allowing brands and creators to sell without the need for complex infrastructure. Micro-brands, especially in categories like fashion, beauty, and lifestyle, are expected to benefit the most from this shift, leveraging organic reach and influencer partnerships to drive sales.

At the same time, TikTok is strengthening its logistics capabilities in Europe. Through initiatives like “Fulfilled by TikTok,” the company is investing in local warehousing and delivery systems to reduce shipping times and improve customer experience. This signals a strategic shift away from purely cross-border models toward localized fulfillment a move that aligns with broader industry trends.

However, the expansion also intensifies competition. TikTok Shop enters markets already dominated by strong local players such as Allegro in Poland and Bol.com in the Benelux region, alongside global giants like Amazon. Its arrival is expected to further disrupt pricing dynamics, marketing strategies, and customer acquisition channels across the region.

Despite these challenges, TikTok Shop’s continued growth reflects a larger transformation in consumer behavior. Social platforms are no longer just discovery tools they are becoming full-scale transactional ecosystems. As TikTok moves into new European markets, it is not only expanding geographically but also redefining how commerce is experienced in the digital age.

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TikTok & ICC Launch Free Training Across 10 Markets in Positive Move

TikTok and the International Chamber of Commerce (ICC) have launched a new initiative aimed at strengthening the digital capabilities of small businesses, marking a notable step in expanding access to digital commerce training globally.

The program, titled Digital Commerce Labs, will initially roll out across 10 emerging markets, targeting micro, small, and medium-sized enterprises (SMEs) that are increasingly looking to scale through digital channels. By combining TikTok’s platform expertise with ICC’s global business network, the initiative seeks to address a long-standing gap in practical, accessible digital education.

At its core, the program is designed to remove one of the biggest barriers facing SMEs: access. Offered free of charge, it provides structured learning opportunities without the cost constraints that often limit participation in such programs. Participants will be able to engage through a mix of self-paced modules, virtual sessions led by industry experts, and community-based learning environments that encourage knowledge sharing.

TikTok expands access to practical digital skills

Beyond foundational skills, the training focuses on practical application. SMEs will gain insights into building a digital presence, leveraging content for commerce, and navigating evolving online sales channels. There is also an emphasis on emerging technologies, including AI-driven tools, which are increasingly shaping how businesses interact with customers and scale operations.

The broader objective extends beyond education. TikTok and ICC are positioning the initiative as a catalyst for economic growth, aiming to help businesses unlock new revenue streams, expand into wider markets, and build long-term resilience in a competitive digital landscape. For many SMEs, particularly in emerging economies, these capabilities are no longer optional, they are essential for survival and growth.

What makes the initiative particularly significant is its scalability. Designed as a repeatable model, Digital Commerce Labs can be adapted and expanded across different regions through collaboration with local chambers and business communities. This approach allows global expertise to be effectively translated into local impact.

The launch also reflects a wider shift in the role of digital platforms. Increasingly, companies like TikTok are moving beyond providing tools and are investing in the broader ecosystem supporting education, capability building, and sustainable business growth.

As digital commerce continues to evolve, initiatives like this are likely to play a central role in shaping how small businesses participate in the global economy.

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Tehran E-Commerce Faces 100% Disruption Risk as Internet Restoration Urged

Tehran E-Commerce Sector Urges Immediate Internet Restoration as Crisis Deepens

Tehran’s digital economy calls for urgent action

Iran’s digital business community is calling for the immediate restoration of internet services as ongoing disruptions continue to impact economic activity across the country. The Tehran Electronic Commerce Association has issued a formal statement urging authorities to restore full connectivity, describing stable internet access as a critical foundation for both economic recovery and public confidence.

According to the association, the current situation is no longer just a technical issue but a structural challenge affecting thousands of businesses and millions of users who rely on digital services daily.

E-commerce operations under pressure

The disruptions have significantly affected key sectors of Tehran’s e-commerce ecosystem. Ride-hailing platforms, food delivery services, online marketplaces, and fintech applications have all experienced operational slowdowns or partial outages.

Many businesses report reduced transaction volumes and difficulties in maintaining customer communication. Small and medium-sized enterprises, in particular, are facing growing pressure as their ability to sell, market, and operate online becomes increasingly limited.

Despite these challenges, parts of the sector have continued to function at reduced capacity, highlighting the resilience of Iran’s digital entrepreneurs. However, industry leaders warn that this situation is not sustainable in the long term.

Limited access and global isolation

Authorities have relied on a restricted “national internet” infrastructure, allowing access primarily to domestic platforms while limiting global connectivity. This approach has created a digital divide, cutting businesses off from international markets, tools, and platforms.

In addition, restrictions on VPN services commonly used to bypass such limitations have further reduced access to global networks. As a result, many companies are unable to engage in cross-border trade or use essential digital services.

Economic impact continues to grow

The prolonged restrictions are contributing to broader economic challenges. Businesses are experiencing declining revenues, disrupted operations, and reduced productivity. While some financial services have resumed and certain regulatory deadlines have been extended, these measures offer only temporary relief.

Industry representatives stress that without full internet restoration, the damage to Tehran’s e-commerce sector could have lasting consequences.

A defining moment for digital economies

The situation in Tehran highlights a broader global reality: reliable internet access has become a fundamental pillar of modern economies. As pressure mounts from the business community, the coming period will be critical in determining the future stability and growth of Iran’s digital ecosystem.

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Uzbekistan Targets 11% E-Commerce Share in 2026 as Digital Growth Accelerates

Uzbekistan sets new e-commerce growth target

Uzbekistan is aiming to increase the share of e-commerce in its retail trade to 9–11%, as part of a broader strategy to accelerate digital transformation and modernize its economy.

The target was outlined during a government meeting led by President Shavkat Mirziyoyev, where new proposals were presented to strengthen the country’s e-commerce ecosystem.

Market shows strong growth momentum

Uzbekistan’s e-commerce sector has already experienced rapid expansion in recent years.

The market has grown nearly 20 times over the past eight years, reaching an estimated value of $1.3 billion, reflecting increasing consumer adoption and digital infrastructure development.

Despite this progress, e-commerce currently accounts for only around 4–4.6% of total retail trade, significantly below the global average of approximately 22%.

New strategies focus on infrastructure and customs reform

To support further growth, the government is focusing on improving logistics and trade processes.

A key priority is the development of bonded warehouse infrastructure, which allows imported goods to be stored under customs control with deferred payment of duties and taxes.

In addition, authorities are considering a system where customs duties are paid at the point of sale. This approach is expected to simplify trade operations and improve the investment climate.

Investment potential and global alignment

Officials estimate that the proposed reforms could attract up to $500 million in investment, supporting the expansion of digital commerce and related infrastructure.

Similar customs and logistics models are already widely implemented in countries such as China, the UAE, the United Kingdom, and Germany, indicating Uzbekistan’s alignment with global best practices.

Strengthening the digital economy

The initiative forms part of Uzbekistan’s broader efforts to develop its digital economy and increase the role of online commerce in overall economic activity.

With a young and increasingly connected population, the country is positioning e-commerce as a key driver of future growth, while continuing to invest in infrastructure and regulatory improvements.

Source:
https://menafn.com

Dubai Free Zones Launch 4 Measures to Boost Business Stability

Dubai Integrated Economic Zones Authority (DIEZ) has introduced a package of measures aimed at supporting businesses operating across its free zones, as part of broader efforts to maintain economic activity and ease operational pressure.

The initiative applies to companies in major zones including Dubai Airport Freezone (DAFZ), Dubai Silicon Oasis (DSO), and Dubai CommerCity.

Measures focus on cost relief and flexibility

The newly announced support package includes a range of financial and operational incentives designed to improve liquidity and business continuity.

Key measures include:

Flexible rental payment options, including monthly instalments
Waivers on certain administrative and service fees
Deferred payment options for selected charges
Stable rental rates upon contract renewal

These steps are intended to reduce immediate financial pressure on companies while maintaining operational stability.

Part of a broader economic support strategy

The move follows Dubai’s wider economic support programme, which includes a AED 1 billion package introduced to strengthen business resilience amid ongoing regional challenges.

The measures are being implemented for a limited period, with the goal of enhancing flexibility and supporting both businesses and the broader economic ecosystem.

Supporting business continuity and investment

Authorities said the initiative is designed to ensure companies can continue operating efficiently while adapting to current market conditions.

Free zones play a key role in Dubai’s economy, offering benefits such as full foreign ownership, tax advantages, and streamlined business setup processes.

By introducing additional flexibility, Dubai aims to reinforce its position as a competitive global business hub and maintwain investor confidence.

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Cross-Border E-Commerce Has Become a New Growth Engine in Hong Kong; 46% of Exporters Have Expanded Across Borders

Hong Kong exporters are accelerating their shift toward cross-border e-commerce. According to a survey conducted in the first quarter of 2026, 46% of exporters are already engaged in cross-border e-commerce, while a further 20% plan to enter the space within the next 12 months.

According to the “Hong Kong Exporter Survey 1Q26” report, e-commerce now plays a central role in Hong Kong’s foreign trade strategy. The report is based on a survey of 507 companies.

Cross-Border E-Commerce Reaches a 28% Share of Revenues

According to the survey, for companies engaged in cross-border e-commerce, this channel has reached an average share of 28% of total sales. More than two-thirds of respondents stated that e-commerce accounts for at least 20% of their total sales, while nearly 30% reported that this ratio exceeds 40%.

For Hong Kong exporters, the Chinese mainland ranked as the most important e-commerce market with a 24% share. The European Union and the United Kingdom followed with 17%, while the United States and Canada stood out with a 15% share. ASEAN countries were also among the rising markets, accounting for 14%.

The Biggest Obstacle: Regulation and Compliance Processes

Despite the growth of cross-border e-commerce, the biggest challenge companies face is regulatory compliance. Among existing players, 28.4% identified this as the most significant barrier, while 27.9% of those planning to enter the market cited the same issue. In addition, payment systems (23.1%) and logistics processes (19.1%) were also listed among the major concerns. In particular, tax, customs, and data protection regulations across different countries are making operations more complex for companies.

Legal and Logistics Support Come to the Fore

According to the survey findings, the area of support most needed by companies is legal advisory services. Regulatory compliance and intellectual property protection are of critical importance for both existing players and new entrants. These are followed by risk management solutions and logistics services. Especially for active e-commerce businesses, strong logistics partners capable of managing delivery, returns, and customs procedures are of great importance.

AI and Smart Labels Are Transforming $200B Retail and E-Commerce in Latin America

Retail in Latin America is entering a new phase one defined not just by growth, but by intelligence.

Artificial intelligence and smart labeling technologies are reshaping how products are priced, tracked, and sold, turning traditional retail environments into real-time, data-driven ecosystems.

At the center of this transformation are smart labels digital price tags and connected systems that go far beyond static product information.

From Static Retail to Real-Time Commerce

Retail has traditionally operated on fixed pricing, manual updates, and delayed decision-making.

That model is now being replaced.

With AI-powered systems and electronic labels, retailers can update prices instantly, respond to demand fluctuations, and optimize promotions in real time. This shift enables what industry leaders describe as dynamic commerce a model where operations are continuously adjusted based on data.

The result is a more agile retail environment where pricing, inventory, and customer experience are no longer disconnected.

Smart Labels as a Strategic Tool

Smart labels often powered by technologies like RFID, NFC, or digital shelf displays are becoming a key interface between products and data.

They allow retailers to:

Automate price changes across thousands of SKUs
Improve inventory visibility and tracking
Enable real-time promotions and personalized offers
Reduce operational errors and manual workload

More importantly, these labels create a bridge between physical stores and digital commerce systems, aligning offline retail with e-commerce logic.

This convergence is critical in a region where omnichannel strategies are rapidly evolving.

AI Is Redefining Decision-Making

Artificial intelligence is not just supporting operations it is redefining them.

Retailers are increasingly using AI to analyze consumer behavior, predict demand, and automate decisions that were once handled manually. From pricing strategies to shelf optimization, AI enables a level of responsiveness that traditional systems cannot match.

In Latin America, adoption is accelerating as companies aim to keep pace with global innovation and rising consumer expectations.

Why Latin America Is a Key Growth Region

The region’s e-commerce market is projected to surpass $200 billion, making it one of the fastest-growing globally.

This growth creates the perfect environment for innovation.

However, challenges remain fragmented infrastructure, logistics complexity, and varying digital maturity. AI and smart technologies offer a way to overcome these limitations by improving efficiency and reducing operational friction.

The Bigger Shift: Retail Becomes a Data Platform

The real impact of AI and smart labels goes beyond efficiency.

Retail is evolving into a data platform, where every product, shelf, and transaction generates actionable insights. The store is no longer just a sales channel it becomes part of a connected, intelligent system.

In this model, success is not defined by scale alone, but by how effectively businesses can turn data into decisions.

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Vietnam’s $31B E-Commerce Market Holds 85% Untapped Cross-Border Opportunity

Vietnam’s e-commerce market has reached a defining moment. Valued at $31 billion, it is one of the fastest-growing digital economies in Southeast Asia driven by high internet penetration, mobile adoption, and a new generation of online consumers.

But behind this rapid growth lies a striking imbalance.

An estimated 85% of cross-border e-commerce potential remains untapped, revealing a significant gap between Vietnam’s domestic success and its global reach.

A Market Growing Inward, Not Outward

Vietnam has all the ingredients of a global e-commerce exporter. Its manufacturing base is strong, its workforce is competitive, and its digital adoption continues to accelerate.

Yet most of this growth remains concentrated within national borders.

While local platforms and domestic demand are expanding, international channels where higher margins and long-term brand value exist are still underutilized. For a country deeply integrated into global trade, this disconnect is increasingly difficult to ignore.

The Missing Link: From Production to Brand

One of the core challenges lies in how Vietnamese businesses operate globally.

A large portion of exports still follows a contract manufacturing model, where products are produced locally but sold under foreign brands. This limits visibility, pricing power, and long-term value creation.

Cross-border e-commerce offers a different path one where companies can build their own brands, engage directly with consumers, and control the full customer journey.

But making that shift requires more than supply it requires strategy.

Logistics Still Defines the Limits

Despite progress, logistics remains the biggest constraint.

Cross-border delivery costs, customs complexity, and fragmented infrastructure continue to slow down international expansion. For many SMEs, these barriers create uncertainty, making domestic growth the safer option.

At the same time, limited experience in digital marketing, marketplace management, and international compliance further widens the gap.

In other words, the opportunity is clear but execution remains uneven.

A Shift Already in Motion

There are early signs of change.

Vietnamese sellers are increasingly entering global marketplaces, particularly in categories like fashion, home goods, and lifestyle products. Awareness around cross-border opportunities is rising, and more businesses are exploring direct-to-consumer models.

The mindset is evolving from exporting products to building global businesses.

Policy Could Be the Turning Point

Government initiatives may accelerate this transition.

With a new e-commerce law expected to take effect in 2026 and a broader digital economy roadmap in place, Vietnam is working to create a more structured and supportive environment for cross-border trade.

If these efforts translate into better logistics, clearer regulations, and stronger SME support, the country could unlock a significant portion of its untapped potential.

From Opportunity to Advantage

Vietnam does not lack demand, supply, or capability.

What it lacks at least for now is full alignment between its domestic momentum and global ambition.

Closing that gap could redefine the country’s role in global e-commerce. Because in today’s market, success is no longer about how fast you grow locally but how effectively you scale internationally.

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