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Beware Of Online Shopping This Diwali

IamCheated.com Research Team | September 29, 2018  6:38:pm

The festive season will soon be here. Traditionally, it is the time to buy things and exchange gifts with family and friends. You and fellow citizens are getting ready to shop online at various e-commerce sites during Dussehra and Diwali to avail offers, discounts, and other goodies and freebies.

According to a report by RedSeer Consulting, about 20 million people are expected to shop on various e-commerce platforms during the festive sale, translating into sales of around $3 Billion for companies like Amazon and Flipkart.

As many people are expected to shop online this festive season, fraudsters are also getting ready to hack websites and steal credit card and debit card details of lakhs of shoppers. Formjacking is a very common technique used by fraudsters to steal card information and it is expected to rise during the festival season. If you are planning to shop online during the festive season, it’s important to know some hacking techniques which could be used against you and learn to protect financial data from them.

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Formjacking is a technique used by fraudsters to steal credit card and debit card details from websites. In case of formjacking, fraudsters inject malicious JavaScript codes into checkout links of shopping portals. So whenever you enter card details, it passes through the hands of fraudsters.

Fraudsters recently used the formjacking technique to hack into the British Airways site and stole 3.8 Lakh card details of customers.

How does formjacking work?

Let’s say you are shopping on an e-commerce website and want to pay with your debit or credit card.  The moment you fill all details like card details, personal details and make a submission, the malicious JavaScript comes into play and steals all the data you have entered and copies it to the attacker’s server. These details will be used by fraudsters to carry out fraudulent transactions and steal your hard earned money.

How to protect yourself from fraud?

1. Use a strong password

A password is the first step to protect your account. So, you must always have a strong and unique password. Avoid using your name and birth date as the password. The password should be a combination of letters, symbols, and numbers. Some people are in the habit of using the same password for all accounts. But, this is not a good idea because if one account is hacked, fraudsters can get access to all the accounts.

See Also: Guide To Make Safe Online Transactions

2. Do not open unsolicited messages or emails

In case you receive a message or mail from unknown people containing some links or attachments, do not open them. These kinds of emails and messages are sent by cybercriminals to steal your financial details. Also, do not get fooled by fake emails offering huge discounts and offers.

3. Do not use public Wi-Fi

Do not use public wi-fi to carry out financial transactions as hackers can easily track all your data.

4. Update your system with the latest antivirus software

To protect your system form malware, phishing, and other security threats you must install a genuine antivirus on your computer.

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