3 Shopping Scams to Watch Out for During the Holidays
Last year scams in New Jersey cost residents $284,590,029. Additionally, 11,793 victims in the Garden State have lost an average of $24,132 each to scammers. Among all states, New Jersey Ranked 6th. We talk about it every week, there’s a new scam or one that’s altered a bit to fool more unsuspecting victims.
New Yorkers had a worse time, they ranked 3rd overall with 25,112 people losing an average of $30,945 each. A total of $777,099,358.
Pennsylvania consumers got hit hard as well. They should also be on high alert as their state ranked Number 8 in the nation last year with 14,714 victims losing $50 million to online scams.
Experts predict that Black Friday and Cyber Monday scams are expected to reach unprecedented levels this season.
Considering a record $221.8 billion in online shopping sales are projected this holiday season, consumers are likely to lose even more money to scams unless they learn how to avoid them.
Social Catfish is a company that prevents scams by using reverse search technology. They conducted and released a study on the State of Internet Scams 2023 using 2023 data from the FBI Internet Crime Complaint Center and the FTC. Here are a few of the worst scams they found, and how to avoid them.
Scammers are advertising incredible deals on social media. Once you click the link, it takes you to a look-a-like website of a major brand. Any gifts purchased will never arrive.
To avoid this they suggest you triple check the spelling of the URL. Fake sites are often one letter off.
Fake Gift Cards
Gift cards are a great holiday gift, and people can save money by purchasing gift cards from resale sites like GiftCards.com. However, scammers are on these sites selling gift cards that arrive with no balance.
They suggest you do a reverse search to verify the seller is legit. If you’re still not sure, don’t buy it.
Fake Shipping Notifications
Scammers are capitalizing on the increased number of packages delivered during the holidays by emailing or texting a delivery notification with a tracking link. This is a phishing link used for identity theft.
As a rule, you should only track packages on the official UPS, USPS, or FedEx websites.
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