Tags: cyber monday | scams

Cyber Monday Scams Stole $1B Last Year, So Be Vigilant This Year

Image: Cyber Monday Scams Stole $1B Last Year, So Be Vigilant This Year

The FBI is warning consumers to be aware of Cyber Monday scams. (Andreypopov/Dreamstime.com)

By    |   Monday, 28 Nov 2016 05:42 PM

A variety of online and phone scams took more than $1 billion from Cyber Monday shoppers last year and the FBI is warning buyers to beware this year.

A report by the FBI titled "'Tis the Season for Holiday Scams" tells shoppers to be careful when shopping online and over the phone during the holiday rush that includes Cyber Monday.

"If a deal looks too good to be true, it probably is," the FBI said. "You may end up paying for an item, giving away personal information, and receive nothing in return except for a compromised identity."

In another report, payment systems company ACI Worldwide predicted a 43 percent increase in U.S. online fraud attempts this holiday season, Fox News reported. In 2015, the states with the most fraud activity were California, Florida, Texas, New York, and Illinois.

Cyber fraud can occur when a malicious website poses as a legitimate shopping site or when hacking software invades a legitimate site and causes a data breach where credit card and other personal information can be stolen.

The FBI recommends consumers use “strong and different” passwords on their banking and credit accounts.

Smartphone apps and social media posts that offer freebies can also be targets for cyber scammers. Consumers should avoid taking online surveys in order to get free stuff, because they could be fake, the FBI says.

Even if a contest or survey is shared by a trusted friend, it could be a scam that victimized the friend, then stole information from the friends list, the FBI warns.

Those who think they may have been victimized should contact the FBI’s Internet Crime Complaint Center to register their experience, even if the amount lost was small, so that it can be tracked and counted.

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A variety of online and phone scams took more than $1 billion from Cyber Monday shoppers last year and the FBI is warning buyers to beware this year.
cyber monday, scams
293
2016-42-28
Monday, 28 Nov 2016 05:42 PM
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