Accounting firm Deloitte estimates e-commerce holiday sales will increase by 25-35% this year given the pandemic. Make sure you take precautions when buying gifts online and don’t fall for deals that seem too good to be true. Consumer advocacy groups have shared the following tips:
- Keep an eye on your bank accounts, debit cards and credit cards for unusual activity.
- Only make purchases from reliable websites that you know and trust.
- Verify the sender before clicking on any links to holiday greeting cards.
- Navigate directly to a retailer’s site rather than clicking links in ads, emails, texts or social media posts.
- Use multi-factor authentication when setting up new accounts online.
- Ensure any website you make purchases on contains “https” in the URL, which means the website is secure.
- Beware of fake delivery emails that claim there are problems with your order or request additional payment. These are increasingly being used to steal personal financial information.
- Keep records of your purchases until you receive the items and have confirmed they are what you paid for.
For additional information on privacy and security, visit the Privacy and Security page of your personal banking entity.