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Beware of discount scams while shopping online

IamCheated.com Research Team | December 13, 2019  8:57:am

Beware of discount scams while shopping online

Online shopping is loved by many people. The main reason why a lot of people prefer online shopping is because of convenience, offers and discounts. With the help of online shopping, you can purchase a wide variety of products at just a click of a button. In the case of online shopping, there are no headaches of going to the shop personally and standing in a long queue to bill the product. You can save a lot of money by shopping online as there are a lot of discounts and offers.

During festive seasons and any other special occasions, many online shopping portals offer discounts and cashbacks. A lot of people make purchases during this season to avail these discounts. If you are one among them, be careful while shopping online during this festive season as discount scams are on the rise.

According to a survey conducted by McAfee, 56.1% of Indians fell prey to discount scams, by clicking on the malicious links that took them to 'sketchy' websites.

The main target of these scams is unsavvy consumers who are not very experienced on online shopping. Fraudsters send out emails and messages to customers explaining about the discounts. These are done with the intention of attracting them. When they click on the link, they will be directed to websites where they will be asked to provide personal information like name, phone number and credit card information. If this information is provided by the customers, it will be used to carry out fraudulent transactions. A total of 39.3% of Indians have experienced this fraud and 40% among them have lost between Rs 10,000 and 15,000 to these frauds.

See Also: Online Shopping: Beware of these scams during the festive season

More than 35.4% of Indians have been cheated by discount scams, where a malicious file was downloaded onto their device. During the festive season, 60.2% have fallen victim to robo-calling, and 57.1% through SIM jacking.

As family vacations are high during the festive seasons, 78.6% of Indians have been impacted by seasonal travel scams. Also, people have fallen victim to fake charities where scammers impersonate genuine Trusts and ask for donations.

With the intention of beating the holiday rush, customers choose to purchase and book everything online. As online transactions rise during the holiday season, cyber attacks also increase. People get carried away by discounts and fall prey to phishing attacks, frauds, malicious websites, and viruses which aim to steal money and personal information.

Tips to save yourself from cyber fraud

1. Do not reuse your password

When you set the same password for all the accounts, if one account is hacked, there are chances of all your accounts getting hacked.

2. Make sure to check the email address and website

Instead of directly clicking the link sent to you through emails, make sure to check the email address and the website.

3. Do not provide your personal information

Never provide personal information like card number, CVV and OTP to anyone.

See Also: Beware of this New Online Shopping Scam

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