The holiday season can be a time for friends, family, food, festivities and unfortunately, fraud. Scammers ramp up their scheming during the winter months to seemingly “meet the needs” of people hoping to earn extra Christmas cash or score on great deals! Arming yourself with knowledge of the most common types of scams is the first step in protecting yourself.
Online Scams
With the increase in online shopping, many scammers will spoof websites or popular products to tempt consumers to click on links, provide personal information, or wire money. According to the Federal Bureau of Investigation, the two most common types of holiday scams are non-delivery and non-payment crimes. Non-delivery crimes consist of a person attempting to purchase goods or services but never receiving them. Non-payment crimes involve a seller shipping or providing their goods or services, but never getting paid.
Remember to double check URLs to make sure the website you’re visiting is the true destination you’re looking for. If this is the first time you’re purchasing from a company, do research to make sure it’s a reputable company and always get the tracking information so you can closely monitor when to expect your product.
Social media scams run rampant during this season so be aware of online buyers wanting your phone number or other personal information when you are selling items. Social engineering is a tactic used by scammers to manipulate individuals into divulging confidential information that may be used for fraudulent purposes. Once they have your phone number, it is easy for scammers to send you fraudulent links or phishing texts.
Employment Scams
Another scam that can be particularly effective during the holidays are employment scams. While people are looking to earn more income for Christmas presents and parties, they are susceptible to falling for a “flexible job opportunity,” where employees can make money while practically doing nothing. The work offered is very basic, pays well, and almost always requires the person to send, move, or transact money for the ‘employer.’
East Idaho News recently reported on how to recognize and avoid these job scams. Make sure to research companies you are applying for and be cautious of job offers given immediately or without an interview. Never accept an overpayment scam where you need to return some of the money they’ve given you or transfer money elsewhere.
One more employment scam to be aware of is the ‘Secret Shopper Scam.’ With the increase in holiday shopping, fraudsters convince individuals that they will pay them for ‘secret shopping’ so they can report back on their experience. The ‘secret shopper’ will be sent a check to deposit into their bank account and shop with, then asked to wire some of the money back. This check is fraudulent, and the victims are assisting scammers by converting fraudulent money into cash before the check has bounced. The victim is then liable to repay the negative balance.
Charity Scams
Additionally, be cautious of fake charities. Your festive spirit and generosity can easily be taken advantage of through fraudsters impersonating legitimate charities or using a heart-wrenching story to solicit donations. Research who you are giving money to thoroughly; charities should be transparent about where your donations will be spent. Be aware of anything creating a sense of urgency or giving ultimatums.
Remember, if something looks too good to be true, it usually is! Slow down, do your research, and make sure this holiday season isn’t ruined by a fraudster. Scammers are continuing to get savvier and use these tactics because they work!
Idaho Central can help you identify scams and assist you with the next steps needed to protect yourself. Learn more about how to spot a scam and keep yourself cyber safe at ICCU’s Security Center.