Criminals keep coming up with new tactics to get ahold of our money or personal information. Here are some scams you should watch out for when shopping online.
Mobile apps are popular and convenient, but some are designed to trick us. Before you download a mobile app, go to the retailer’s official website to see if they promote the apps and read the reviews. A fake app may contain malware or ask for your personal information, financial information or a password – all things you shouldn’t have to give.
Another fraud attempt is emailing fake receipts or shipping details. Clicking on these fake messages may download malware to your computer or phone, which will then collect personal data that can be used to commit credit card or other types of fraud. If you don’t recognize the sender of these emails, don’t open them or click on any links in the message. To check, hover your cursor over address of the sender to see where it’s from, and delete the email if it’s suspicious.
If you suspect you may be a victim of fraud, there are a few things you should do. Contact your bank or credit card company if financial information has been compromised; contact the three credit reporting agencies (Equifax, Experian, and TransUnion) to file a fraud alert; and if the fraud involved a shopping app, contact Google or Apple so they can take it down.
Practice safe shopping year round to keep your money and personal information safe.
The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.