While major online sales events offer a pretty incredible chance for you to grab yourself a bargain (or 15) there is also a more sinister side to these dates that we have to be wary of. Unfortunately, online scams are threats that pop up along with those bargains we adore, so it’s worth clueing ourselves up on how to stay safe when shopping online (and spending time on the internet, in general).
I know it’s not fun, but it’s worth chatting about just to avoid any nasty surprises. After all, as the ACCC shares, the past year has been a particularly awful time for online scams.
It has shared in a report on scams across 2020 that “Australians lost over $850 million to scams and made 444,164 scam reports in total to Scamwatch, ReportCyber, other government agencies, banks and payment platforms in 2020″.
I spoke with some industry experts and did a deep dive on the ACCC to get some insights.
Tim Falinski, Managing Director, Consumer, APAC, of cybersecurity software company Trend Micro explained that this degree of incidents online is precisely why it’s so important to keep an eye on your purchases on major sales dates like Single’s Day, Black Friday, Cyber Monday, and even Boxing Day.
“…cybercriminals see major sales such as Click Frenzy and Black Friday as a goldmine of opportunity to get consumers to hand over their personal or financial information and have a number of tricks up their sleeves to do so,” he continued.
How do online scams work?