Gone
are the days of thumbing through a catalog and circling items for your wish
list during the holidays. Today’s consumers are hyper-connected and constantly
seeking convenience when it comes to almost everything, but especially spending
habits online. With many online retailers offering deals of the day, discounted
or free shipping, and fast delivery, it’s easier than ever to shop online. In
fact, studies show 76% of United States consumers shop online, and that number
is projected to increase, there will be more than 300-million U.S online
shoppers in 2023.
Today
you can buy almost anything online and that’s why it’s more important than ever
to protect yourself from fraud, especially during the holidays when it comes to
breaches and cybersecurity attacks. Here are some tips to keep in mind when
shopping online this holiday season to protect yourself from cybercriminals.
Shop reliable websites
When
it comes to online offers the age-old saying if it’s too good to be true it
usually is, still rings true today. While a great deal might be hard to pass
up, fake companies and less-than-reputable websites take advantage of people by
using fake photos of products at deep discounts to lure in consumers. Always
use trusted URLs instead of clicking on links. Look for https:// (not http) in
the address bar before using your credit card online.
Designate a separate card for online
spending
If
you’re worried about someone compromising your information you can open a
separate account with a debit card specifically for online purchases. You can
add funds to the account and use your card like a
traditional card but the added benefit is if your account is compromised the
cybercriminals won’t have access to your whole bank account, just what you have
in the account which is typically less than a traditional checking or savings
account.
Track spending online
When
it comes to your finances it’s important to keep an eye on your spending
activity so you are aware of anything out of the ordinary as soon as it shows
up as a transaction and you can immediately call your bank. In addition, make
sure you are regularly checking your credit report to ensure everything is in order.
Protect your passwords
As
tempting as it is, try to avoid using the same password for every site. Try
using the suggested passwords from sites, if they seem complicated there is a
good reason, it’s for your protection. Make sure you write your passwords done
and keep them somewhere safe, never on your computer or phone. A good rule of
thumb is to make all your passwords long and strong. When able, try using
multi-factor authentication.
Beware of seasonal scams
Unfortunately,
cybercriminals use any means to scam during the holidays including fake
tracking emails, e-cards, fake charities, donation scams, and more. If you are
leery of a fake site always double-check to make sure it is a known and trusted
URL instead of absently clicking on a link.
McHenry Savings Bank wants you to have a safe and happy
holiday season. We are always here if you have a question about your cybersecurity.
Visit McHenry Savings Bank to learn how you can protect
yourself today, or speak with an expert today by calling 815-385-3000.
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