Tips for preventing fraud during holidays


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Financial fraud occurs throughout the year, but is especially common during vacation periods. With a significant increase in online shopping and transaction research, consumers are naturally more vulnerable to cybersecurity threats.

According to Shred-It's second annual International Fraud Awareness Week Report, 46% of Americans think that their security habits make them vulnerable to fraud.

More than half (51%) of respondents admitted to using passwords and PINs for multiple accounts and 21% said they shared this login information with their friends and family members. & Nbsp; With repeated passwords, a cyber criminal needs only one set to access multiple accounts. This could lead to online banking fraud, unauthorized purchases by credit card, etc.

A new McAfee study shows that text and phishing emails are the leading cause of holiday fraud just behind automated calls. A phishing email is designed to look like an address from a legitimate company. The e-mail contains a link that leads to a fraudulent website, but a site that seems almost identical to the legitimate business. The fraudulent website will ask for login credentials just like the genuine website. Once a user has entered the information, the hacker can use this login information on many different platforms.

Here are some tips to avoid fraud during the holidays:

  • Use unique passwords. If you do not want to remember unique passwords for each website used, create at least one-time passwords for your online banking profile, your PayPal account, your credit card account and other related accounts. to your financial information.
  • Use a secure browser when shopping online. Most Internet security platforms provide this as part of their services.
  • Only buy sites or stores that you trust. Check that you are on the actual website of a store and trust your instinct if anything looks suspicious.
  • Watch your credit card and bank accounts tightly. Regularly review your transactions. Report any fraudulent or questionable charges as soon as you notice them.
  • Set up email or text alerts with your credit card company to receive a notice of purchase with your card. If you have not made this purchase, contact your issuer immediately.
  • Never share your financial or personal information over the phone with someone who initiated the call. Only give information on a call that you have made and make sure you are talking to the desired company.
  • Pay attention to who you trust in your login information, even if it 's about a close friend or relative.

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Financial fraud occurs throughout the year, but is especially common during vacation periods. With a significant increase in online shopping and transaction research, consumers are naturally more vulnerable to cybersecurity threats.

According to the second annual report of International Fraud Prevention Week, Shred-Its, 46% of Americans think that their security habits make them vulnerable to fraud.

More than half (51%) of respondents admitted to using passwords and PINs for multiple accounts, and 21% said they shared this login information with friends and family members. With repeated passwords, a cyber criminal only needs one set of login data to access multiple accounts. This could lead to online banking fraud, unauthorized purchases by credit card, etc.

A new McAfee study shows that phishing texts and emails are the leading cause of vacation fraud, behind automated calls. A phishing email is designed to look like an address from a legitimate company. The e-mail contains a link that leads to a fraudulent website, but a site that seems almost identical to the legitimate business. The fraudulent website will ask for login credentials just like the genuine website. Once a user has entered the information, the hacker can use this login information on many different platforms.

Here are some tips to avoid fraud during the holidays:

  • Use unique passwords. If you do not want to remember unique passwords for each website used, create at least one-time passwords for your online banking profile, your PayPal account, your credit card account and other related accounts. to your financial information.
  • Use a secure browser when shopping online. Most Internet security platforms provide this as part of their services.
  • Only buy sites or stores that you trust. Check that you are on the actual website of a store and trust your instinct if anything looks suspicious.
  • Keep a close eye on your credit card and bank accounts. Regularly review your transactions. Report any fraudulent or questionable charges as soon as you notice them.
  • Set up email or text alerts with your credit card company to receive a notice of purchase with your card. If you have not made this purchase, contact your issuer immediately.
  • Never share your financial or personal information over the phone with someone who initiated the call. Only give information on a call that you have made and make sure you are talking to the desired company.
  • Pay attention to who you trust in your login information, even if it 's about a close friend or relative.