Cyberattacks can be catastrophic for your business, and it is no longer a case of ‘if’ a business gets attacked; it’s ‘when’. YEO looks into how companies are exposed to cyberattacks and how to avoid them.
November 24, 2021
Online retailers such as Amazon, Best Buy and eBay are some of the biggest to roll out Black Friday sales and fraudsters are quick to create fake sites mimicking these online giants, to deceive people to buy products that will never arrive at their doorstep. While other sites are specifically made to gather credit card details and personal information, only to hack bank accounts and steal identities at a later stage.
The range of scams occurring over the festive season is wide. Here are four Black Friday scams to be on the lookout in 2021:
1. The “Secret Sister Gift Exchange”
The “Secret Sister Gift Exchange” first originated on Facebook in the US and dresses itself up as a “secret Santa” type deal, where one person buys another a gift without revealing their identity. But the Secret Sister Gift Exchange is nothing but a pyramid scheme, promising people $360 worth of gifts if they purchase and pay for the mailing of $10 for someone else. However, every single person that fell for this scheme reported that they received nothing of the promised ‘$360 worth of gifts’. Highlighting that one should always be careful when taking part in such an exchange – because if it sounds too good to be true, it more than likely is.
2. Sites and emails that just look ‘phishy’
Fake sites that are specifically created to steal your personal information, credit & banking details or account password only have one goal in mind – fraud. The way in which these fake sites trick people into handing over their info is by sending texts or emails to their unsuspecting victims which lead to legitimate-looking websites claiming ‘your Amazon order needs verification’ for example. This baits people into entering all of the above-mentioned info into the site, opening them up to fraud.
3. Digital credit card skimming
Credit card skimming is one of the oldest tricks in the hacker book. We’ve all seen it in the movies where scammers place an object over a card scanner or replace an ATM’s card reader with a reader of their own that copies your credit card information. Now that everything is digital, credit card skimming has become even easier for scammers. Since the start of the pandemic, it’s been reported that £4M has been stolen per day in the UK by credit card skimmers, and these numbers continue to climb.
Hackers have found ways to collect your credit card information by adding malicious code to existing websites that do the same thing as old school card readers – aka, it copies down your personal information – which is aptly named ‘e-skimming’.
Here are a few ways you can protect yourself from e-skimming:
4. Feeling generous? Be wary of “online donations”
The festive season is one of the most popular times in which people want to give back, which of course, is a noble cause. Fraudsters are very aware of this and often find ways to play on people’s heartstrings, enabling them to take advantage of people’s goodwill. Often, these faux charities have believable names and their websites look credible – not to mention, their social media campaigns also look professional.
Here’s how they work:
As the chaos of the holiday season is about to go into full swing, we hope these pointers will help you as you navigate online shopping sales. Just remember, always hold on to a little bit of scepticism before clicking that ‘buy now’ button and always ensure that you’re making purchases from a credible retailer.
YEO prevents scams and phishing with a variety of innovative features. Read more on how YEO helps to protect you and your private information here.