November 22, 2024

Explained: What are various types of online shopping scam and tips to stay safe

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A recent online survey disclosed that one out of every five urban Indians has experienced financial losses as a result of online scams. The survey, conducted by YouGov, highlighted online shopping scams as one of the most widespread types of fraud in the country.
What is online shopping scam
An online shopping scam is a fraudulent activity that tricks people into buying products that don’t exist, paying for goods or services they never receive, or revealing personal information that can be used for identity theft.Scammers often use fake websites, phishing emails, and social media ads to target their victims.
Common types of online shopping scams:
Fake Websites: Scammers create fake websites that look like legitimate online retailers. These websites often offer popular products at deep discounts to lure victims in. Once victims enter their payment information, the scammers steal their money and disappear.
Phishing Emails: Phishing emails appear to be from legitimate companies, such as banks or credit card companies. They often contain a link that directs victims to a fake website that looks like the real company’s website. When victims enter their personal information on the fake website, the scammers steal it.
Social Media Ads: Scammers use social media ads to promote fake products or services. These ads often feature too-good-to-be-true deals and clickbait headlines. When victims click on the ads, they are taken to a fake website where they are tricked into entering their payment information.
Fake Shipping Alerts: Scammers send fake shipping alerts that appear to be from legitimate shipping companies. These alerts often contain a link that directs victims to a fake website where they are asked to update their shipping information. When victims enter their personal information, the scammers steal it.
Here are some tips to avoid online shopping scams:

  • Shop from well-known retailers. If you’re unfamiliar with a retailer, do some research to make sure they are legitimate.
  • Be careful about clicking on links in emails or social media ads. If you’re unsure about a link, hover over it with your mouse to see where it takes you.
  • Pay attention to the URL of the website you’re shopping on. The URL should be the same as the retailer’s website and should start with “https.”
  • Don’t enter your personal information on a website that you don’t trust. This includes your name, address, phone number, and credit card information.
  • Beware of deals that are too good to be true. If something seems too good to be true, it probably is.
  • Use a credit card when shopping online. Credit cards offer better fraud protection than debit cards.
  • Keep your computer software up to date. This will help protect you from malware that can steal your personal information.



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