Cyber Monday scams are rising as the holiday shopping season kicks into high gear. With millions of eager consumers hunting for the best deals, scammers seize the opportunity to exploit the frenzy. The National Retail Federation predicts that over 72 million shoppers will participate in Cyber Monday, creating a prime target for online fraudsters.
While the promise of steep discounts and exclusive offers is enticing, the risks of falling victim to scams grow alongside the excitement. Staying informed and cautious is key to avoiding these deceptive traps.
The Rise of Holiday Scams
Katie Galan from the Better Business Bureau (BBB) cautions shoppers about the spike in fraudulent activities during this time of year. She highlights that scammers often impersonate major retailers through targeted ads on social media, emails, and even text messages.
“Scammers will try to impersonate some of these big-box retailers, sending ads, emails, or texts that appear legitimate but are meant to deceive,” Galan warns.
Whether shopping on a smartphone, computer, or tablet, staying vigilant is crucial to safeguard yourself from scams.
Common Tactics Scammers Use
Online scammers employ various methods to lure unsuspecting shoppers. The most prevalent schemes involve impersonating well-known brands and creating fake messages that offer seemingly unbelievable discounts.
Here are some red flags to watch out for:
- Misspellings and Punctuation Errors: These subtle mistakes often indicate fraudulent messages.
- Unsolicited Links: Avoid clicking if you receive a link you didn’t expect, especially one promising an outrageous deal. Such links can lead to phishing websites, which are fake websites designed to steal your personal information or install harmful malware on your device.”Even if those links look real, never click on them,” Galan emphasizes. “They could lead to scams that compromise your personal information.”
Secure Payment Methods: Your Best Defense
The payment method you choose when making online purchases can significantly impact your financial security. Galan strongly advises using credit cards over cash transfer services like Venmo, Cash App, or Zelle.
“Using your credit card provides an extra layer of security,” she explains. “If you’re scammed, your credit card company won’t hold you liable for those fraudulent charges.”
Before entering payment information on any website, ensure the site is secure. Look for a small lock icon in your browser’s address bar. This icon signifies that the site uses encryption to protect sensitive data.
Tips for Safe Online Shopping
To minimize risks during Cyber Monday and beyond, consider these practical tips:
- Research Retailers: Stick to reputable sites and verify deals through official retailer websites.
- Check URLs Carefully: Scammers often use URLs that mimic legitimate sites.
- Avoid Public Wi-Fi: Only shop on secure, private networks to protect your information.
- Enable Alerts: Set up alerts on your bank accounts and credit cards to monitor suspicious activity.
For more advice on safe online shopping, visit the Better Business Bureau’s website.