INDIANA – Consumers are advised to be highly vigilant this holiday season, as new data reveals a sharp increase in financial losses due to fraud. According to the Federal Trade Commission (FTC), consumers lost a staggering $12.5 billion to fraud in 2024, marking a 25% increase from the previous year.
With the holiday shopping season in full swing, scammers are actively seeking new ways to exploit unsuspecting victims.
Paul Mertens, CEO of crypto casino Winna, shared five common holiday scams and provided practical advice on how to avoid falling prey to them this Christmas.
Five Ways to Avoid Holiday Scams
1. Double-Check Before Scanning Fake QR Codes
Shopping centers, while central to the holiday experience, can be exploited by criminals who place counterfeit QR codes that redirect users to malicious websites. These fake sites are designed to steal personal information.
- How to Stay Safe: Always verify the authenticity of a QR code before scanning. Closely examine the code and avoid those printed on flimsy materials.
2. Think Twice Before Joining Public Wi-Fi
The temptation to connect to public Wi-Fi networks in shopping centers is high, but these connections can be insecure, leaving users vulnerable to hackers. According to Norton, public networks are unencrypted, meaning that criminals on the same network can intercept sensitive data, such as passwords, banking details, or personal information.
- How to Stay Safe: Confirm the network’s legitimacy with staff before connecting. Consider using a Virtual Private Network (VPN) for added security: If you need to access sensitive accounts while out, using mobile data is a safer alternative.
3. Be Aware of Fake Gift Cards and Shipping Emails
While the global phishing volume reportedly dropped 20% in 2024 (according to Zscaler data), attackers are now focusing on high-impact campaigns. Phishing emails are often disguised as coming from well-known retailers and delivery services, and they include links to fraudulent websites.
- How to Stay Safe: Be cautious when opening unsolicited emails, especially those offering gift cards or requesting payment for undelivered packages. Instead of clicking the link, visit the retailer’s official website directly to confirm any information.
4. Be Vigilant About Unexpected Deliveries
Scammers are leveraging the convenience of holiday online shopping by delivering packages that contain fake QR codes. These codes may claim to offer tracking updates, but will often lead to harmful websites.
- How to Stay Safe: Scrutinize all packaging. Remember that legitimate businesses typically will not require customers to scan a QR code for further action. If you are unsure, contact the delivery service directly.
5. Create Safe Words with Friends and Family
Impersonation scams cost victims over $2.95 billion in 2024, according to data from the FTC. These scams involve an attacker posing as a friend or family member in distress—often via WhatsApp, text, or social media—to request money.
- How to Stay Safe: To combat this, create a safe word with friends and family to use in emergencies. If you receive a suspicious message, asking for the safe word will help confirm the sender’s true identity and prevent fraud.
By staying vigilant and implementing these simple tips, consumers can better protect themselves and their loved ones from holiday cyber attacks.
