Cyber Monday Phishing Scams

Cyber-Monday

Cyber Monday is here and there is a whole lot of bargains to be had! Take advantage of the early deals available and get your holiday shopping done.

Cyber Monday can be a hot spot for cybercriminals due to their increasingly sophisticated scams. Shoppers need to remember that some deals are too good to be true.

Shoppers underestimate the threat of fraud

A study by McAfee reveals that over two-thirds of Brits fail to take any safety precautions before buying gift vouchers online. Only 27% of people check the link is safe, and only a third realise that checking the brand is even important.

Four red flags to watch out for

Look out for genuine retailer’s websites being spoofed:

No one likes phishing scams, so be careful when using a search engine. Always visit the site directly to see if it is the real thing because advertisers may create fake sites or spoofed ads. If you happen to encounter a scam, report it to the retailer.

Be wary of deals that look suspiciously good:

If you are being offered a deal that is significantly better than anyone else’s, then it may not be genuine. If you have doubts about a retailer, find reviews from an independent site, not only the retailer’s website.

If you are being offered a deal that is significantly better than anyone else’s, then it may not be genuine. If you have doubts about a retailer, find reviews from an independent site, not only the retailer’s website.

Avoid direct payments:

Paying with a credit card means you have greater protection under the Consumer Credit Act. This also applies to paying with Apple Pay or Google Pay when linked with a credit card. This comes with an added advantage – your card details are not shared with the retailer.

Do not make financial transactions over public Wi-Fi:

Paying with a credit card means you have greater protection under the Consumer Credit Act. This also applies to paying with Apple Pay or Google Pay when linked with a credit card. This comes with an added advantage – your card details are not shared with the retailer.

Purchase scams

During Black Friday and Cyber Monday deals last year, over $3 million was lost to criminals, as shoppers reported buying mobile phones, cars, and other electronics on sites such as Facebook, eBay, and Gumtree, only for the items to never arrive.

It is always a clever idea to be sceptical when items are priced much lower than they should be, so it pays to do your homework before you buy. Electronic items are particularly vulnerable to purchase scams, such as the latest mobile phones and gaming consoles.

Keep secure while shopping online

Over the past nine months, cyber hackers have been targeting companies across the globe to steal their data. Consumer spending is down because of the lockdown, so going online has become a priority for retailers. Some have been lackadaisical when it comes to cybersecurity, leaving them vulnerable to cyber-attacks.

According to the Information Commissioner’s Office, cybercrime increased in the retail and manufacturing sectors in the first quarter of 2020 and 2021 with 92 incidents occurring.

Online shopping leaves a digital footprint. When you shop with an online retailer, they store your account details, addresses and banking information. This can be a data-rich goldmine for criminals who can leave your bank account compromised or sell this data to a third party.

If you are shopping, always browse as a guest instead of creating an account with the retailer. This minimises the amount of personal data they will be able to store.

Cifas Protective Registration

Anyone that has had their personal information stolen or dealt with a company that has lost or leaked their data may be at risk of becoming a victim of ID fraud. Cifas Protective Registration can offer peace of mind to consumers and a reduction in the risk of becoming a victim of fraud.

To learn more about our Security solutions, get in touch with one of our IT experts.

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