Cyber shopping fraud is always in the back of consumers’ minds when shopping online, especially with payment cards, but it should be in front of your mind. Cyber crooks have been studying on how to capture your data during the holiday season.
While “common sense” is not so “common” any more, when it comes to preventing cyber fraud, there are nine simple steps you can take.
Cyber Fraud Survey
A recent survey by Capital One CreditWise discovered 85% of those U.S. consumers surveyed believe the holidays are a riskier time to shop. Despite those fears, only 17% took more action during the holidays in 2017 to protect their credit or prevent fraud, with millennials being twice as likely to act than other age groups during the holidays.
Cyber Fraud Research
The National Science Foundation and Howard University have undertaken a three-year, $1 million project to advance cybersecurity and offer advice for 2018 holiday season.
9 Way to Sunday to Prevent Cyber Fraud
1.Limit disclosure of personally identifiable information (PII).
Enter only the basic information required during account creation. Required fields are usually accompanied by red asterisks.
2. Increase the default security settings of your internet browser.
Privacy is either basic or turned off for many websites. Review your web browser privacy and security settings to ensure that your settings are adequate. If available, use multifactor authentication. Always ensure that alerts and notifications are turned on.
3.Choose strong passwords that are unique to each account.
Ensure your passwords are not used across various accounts. Change your passwords about once every three months.
4. Check for https in website URLs.
The information being passed through this type of website is encrypted and not easily read by hackers, making it harder for your information to be stolen.
5. Limit your activity over public Wi-Fi.
Do not use public Wi-Fi without a virtual private network (VPN).
6. Pause and think before you click.
Verify the legitimacy of a hyperlink before you click on it. If you are unsure of the sender, don’t click!
7. If a website looks suspicious to you, then it is suspicious!
Don’t make exceptions when it comes to the security of your identity and money!
8. Use credit cards or other secure third-party payment services such as PayPal.
Debit cards are risky because they provide a direct link to your money.
9. Always use common sense.
If something feels uncomfortable, don’t do it!