Staying Savvy: Online Purchase Scams on the Rise This Holiday Season
BBB Warns Consumers to Be Vigilant
Cyber Monday is just a week away, but online deals have already begun. The Better Business Bureau (BBB) is urging consumers to stay informed and cautious to avoid falling victim to online purchase scams.
Scams on the Rise
A recent study by the BBB found that online purchase scams increased by 125% in 2023. The data revealed that these scams are being conducted through fake product advertisements on social media, targeting individuals of all ages.
Protecting Yourself
To stay safe, the BBB recommends researching any online retailer before making a purchase. This includes checking for reviews, ratings, and physical addresses. For an added layer of security, consider paying with a credit card. If you do fall victim to a scam, credit card companies typically have policies in place to protect consumers from fraud.
Additional Tips
- Be wary of too-good-to-be-true deals
- Watch out for misspelled website domains or generic email addresses
- Avoid making purchases from unfamiliar or unsecured websites
- Keep your antivirus software up to date
- Monitor your credit report for any suspicious activity
Conclusion
As the holiday season approaches, it’s crucial to be aware of the risks associated with online shopping. By staying informed, being cautious, and taking the necessary precautions, you can enjoy a safe and stress-free shopping experience. Remember, it’s always better to be safe than sorry. Stay savvy, and happy shopping!
FAQs
Q: What is the most common type of online scam?
A: Online purchase scams, specifically those conducted through fake product advertisements on social media, are on the rise.
Q: How can I protect myself from online purchase scams?
A: Research the online retailer, check for reviews and ratings, and consider paying with a credit card.
Q: What should I do if I fall victim to an online purchase scam?
A: Report the incident to the Federal Trade Commission (FTC) and contact your credit card company to report the fraud.
