The holiday season is upon us, and for many, that means the excitement of finding the perfect gifts online! A recent report from Drive Research indicates that 75% of survey participants intend to shop online this holiday season, whereas only 29% plan to face the crowds and shop in person on Black Friday. Consumers are projected to spend more than 979 billion dollars throughout the 2024 holiday shopping season, with a significant portion allocated to online shopping.
Regrettably, scammers follow shoppers wherever they go. The Internet Crime Complaint Center (IC3) indicated that online fraud resulted in a loss of 12.5 billion dollars in 2023.
As more shoppers seek deals, cybercriminals are ramping up their strategies to trick unsuspecting consumers. Scams include fraudulent websites, phishing emails, counterfeit products, and credit card fraud. These schemes may result in financial losses, identity theft, and compromised accounts. By learning to recognize and avoid these dangers, you can shop securely and confidently.
Here are four tips to protect yourself from online scams this holiday season:
Stick to Trusted Retailers: Always shop on trusted websites or authorized retailer platforms. Cybercriminals frequently create counterfeit sites that imitate well-known brands, often spoofing the legitimate website address (e.g., using “amzon.com” rather than “amazon.com”).
Be Wary of Deals That Seem Too Good to Be True: Scammers understand that substantial discounts attract interest. If an offer appears too good to be true, it probably is! Watch for indicators like poorly designed websites, misspellings, or low-quality product image. When uncertain, refrain from impulsively clicking on enticing “deals” in emails or ads; instead, visit the retailer’s official site directly through the known website address.
Use Secure Payment Methods: Credit cards and digital wallets provide greater security compared to debit cards. It’s best to steer clear of gift cards for online transactions, as they are difficult to trace and frequently exploited by scammers. If you become a victim, credit card issuers can assist you in disputing unauthorized charges scam.
Watch for Phishing Attempts: Phishing emails, text messages, or online advertisements may appear authentic, but they aim to deceive you into sharing personal information. Avoid clicking on links from unfamiliar sources and be wary of emails that induce urgency (e.g., “Only 1 hour left!”). If a message appears suspicious, visit the retailer’s website directly.
Following these tips can help keep your holiday shopping experience safe and scam-free. Happy Holidays and secure shopping!
The post Shop Smart, Stay Secure: Avoid Scams While Shopping Online This Holiday Season appeared first on Mid Penn Bank.
