It’s the time of year again that has us all humming Christmas carols, shopping for loved ones, and baking goodies to our hearts’ content. Unfortunately, cybercrime spikes each year right about the time we’re breaking out the egg nog. While holiday prepping should feel like a joyous occasion, 80% of consumers have experienced or been targeted by some sort of scam or fraud during the season according to a recent AARP survey. This alarming statistic underscores the need for vigilance as we celebrate joy and connection with family and friends. At TFNB Your Bank for Life, the privacy and security of our customers is our top priority. We want to help you protect yourself from scams and attacks so that you can focus on having the merriest holiday season possible.
Five Common Holiday Scams
1. Phishing Emails
Source: KTVB
Remember: Always verify unexpected emails by logging directly into your account instead of clicking on links. If the email seems suspicious, delete it or report it as phishing. Stay vigilant to keep your personal information safe!
2. Fake Charity Scams
The season of giving makes individuals more susceptible to charity scams. Fraudsters often set up fake charities to solicit donations, especially around the holidays. It’s essential to research any organization before contributing. Before you give, research the charity on trusted websites like Charity Navigator or GuideStar. You could also give to one of our trusted local nonprofits, including our Charity Champions, which we wrote about in our earlier blog.
3. Gift Card Scams
Gift cards make fantastic holiday gifts but are also a favorite tool for scammers. Fraudsters often ask for payment through gift cards, claiming it’s for unpaid utility bills or settling fake debts. They may even impersonate someone you know to make their request seem legitimate.
Here’s the rule of thumb: If someone asks for payment in gift cards, it’s a scam. No reputable business or government agency will ever ask you to pay this way. Stay cautious and protect your finances by steering clear of these tactics.
4. Online Shopping Scams
5. Social Media Scams
Social media platforms can be breeding grounds for scams. If a friend in your network has been hacked, malicious actors can use this relationship to pretend there is an emergency and contact you for immediate help. Scammers will often create fake profiles to trick users into sharing personal information or sending money. Be cautious of unsolicited friend requests and messages, especially if they ask for financial assistance or personal details. Want to learn more about scams on the rise? Visit the National Cyber Security Authority for up-to-date information and tips to protect yourself on social media this holiday season.
Other Tips to Protect Yourself From Holiday Scams
Stay Skeptical
Verify Information
Use Strong Passwords
Be Cautious with Personal Information
Use Secure Wi-Fi Networks
Keep Your Software Updated
Enjoy a Safe Holiday Season
If you have any questions or would like to know more about our banking solutions, contact us at 254-840-2836
