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HOLIDAYS, THE SEASON OF CYBERSCAMS

It's Holiday season for the bad guys too! Schemes are sent into overdrive; Black Friday and Cyber Monday are the busiest online shopping days and cyber crooks are planning to get rich with your money. Here are 10 fraud alert tips to keep in mind:

  • Never click on links in emails. If you want to shop at a site, enter that site address in your browser. There are thousands of fake sites that look almost identical to the real thing. Don't fall for evil-twin shopping sites.
  • Don't open attachments with special offers. It's a classic scam. The offer should be in the email and you should be able to see it right away. 
  • Watch for malicious ads and popups. Do not click on ads that sound too good to be true, and ignore popups that might propose the "best deal ever". 
  • Beware of e-skimmers. This is a new one. Do you know that bad guys sometimes skim your credit card at gas stations or ATMs? Well, there is a new spin on that, the shopping website you order from might be infected with an "e-skimmer" and they steal your card data when you check out. You can prevent that by using PayPal or Amazon. 
  • Use a credit card to buy stuff online if possible. Never use a debit card to make online purchases but use that debit card to take out cash only.   
  • Do not shop over public WiFi. You simply do not know if it's secure and who is listening. Only shop using a secure, trusted network. If you have no other way to shop, use a VPN which encrypts your traffic.
  • Be very careful when you see a free offer during the holidays. There is an explosion of all kinds of survey fraud and gift card scams. 
  • Do not reuse any of your passwords. Instead, use a password manager to create hard to crack passwords. Reusing any password is literally an invitation to get hacked. 
  • Keep a close eye on your credit card statements and bank accounts. During this season, unexpected and strange charges might appear which could very well be the first sign your card or even your whole identity has been stolen. If you think you might have been scammed, stay calm and call your credit card company, nix that card and get a new one.
  • Be especially suspicious of gift card scams. They can be a perfect holiday gift, but gift card scams are skyrocketing. Only buy gift cards from trusted sources.

Especially this time of year, do not let internet scammers exploit your holiday spirit and use it against you.

Remember to stay alert when you shop online! Think before you click!

UHY Advisors has a cybersecurity team that can help your organization prepare for or respond to a cyber-attack. Contact cyber@uhy-us.com for more information.
Our firm provides the information in this newsletter as tax information and general business or economic information or analysis for educational purposes, and none of the information contained herein is intended to serve as a solicitation of any service or product. This information does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.  

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