Shoppers are being warned to watch out for scams as they buy their Christmas presents online this year.

Black Friday and Cyber Monday 24-hour sales are set to go ahead on November 26 and 29, with the Australian Retailers Association expecting Australians to spend more than $5 billion in four days.

But after having lost $4.8 million to online shopping scams this year already, Australians are being urged to be cautious with their festive buying.

KnowBe4 security awareness advocate Jacqueline Jayne said the actual amount of money lost to online scams could be “triple” what’s reported.

“Because people’s … ego comes into play, they don’t want to let anyone know they’ve been scammed,” she said.

Ms Jayne told The New Daily one of the main reasons people lose money to scams is a lack of awareness.

She said young people are particularly affected by a lack of education, with data from ScamWatch and showing 25-34 year olds have so far lost the most money to online shopping scams in 2021.

As Australians plan to spend big in the next couple of weeks, Ms Jayne gave TND some of her top tips to avoid getting scammed out of your hard-earned cash this sales season.

1. Do your research

Before pressing ‘pay now’, Ms Jayne said you should spend some time researching your purchase.

For example, if you are looking to buy a TV from an unfamiliar retailer, copy and paste the brand and model number into a search engine to see if it’s available from a more reputable…

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