Holiday Shopping Scams On The Rise: How To Protect Yourself

The New York City Police Department and the U.S. Secret Service are teaming up to warn shoppers about holiday shopping scams. One recent scam tricked a man into giving away nearly $2 million by posing as a bank’s fraud prevention unit.

Scammers are using various tactics, including spoofing bank phone numbers, stealing cash or gift cards from the mail, and sending phony shipment tracking links with malware. To stay safe, experts recommend:

– Verifying the authenticity of phone calls or emails from your bank
– Never mailing cash
– Keeping an eye on your bank account for suspicious activity
– Using secure websites (look for HTTPS next to a padlock)
– Being cautious of online shopping scams and double-checking retailer URLs
– Using unique passwords and secure WiFi networks

Business owners should also be aware of counterfeit money, particularly with the recent seizure of $300,000 in fake cash at Kennedy Airport. The Secret Service advises checking their Know Your Money webpage for guidance on detecting counterfeit bills.

By taking these precautions, you can protect yourself from becoming a victim of holiday shopping scams.

Source: https://www.cbsnews.com/newyork/news/holiday-shopping-scams-nypd-us-secret-service