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Common mistakes that could lower your credit

Norton Finance has found that over a third of people have been unsuspecting victims of Yuletide scams. Here are some common Christmas scams and a guide to avoiding them.

It may be the most wonderful time of the year for family celebrations and gift–giving but Christmas can also be peak time for criminals looking to capitalise on all the good cheer.

Two-fifths of people defrauded in the UK were warned by their banks of “suspicious” activity. An overwhelming 50% of these also admitted they did not change their online passwords after a cyberattack, making them far vulnerable to further criminal activity in the future. To prevent any further attacks, it is essential to report any suspicious bank activity and change your online passwords as the first port of call.

How does fraud happen?

As you would expect, many fraudsters are out to steal money. Of those surveyed, each person lost an average of £113 due to Christmas scam. However, it is import to watch out for fraud on all sides.

How are people scammed?

The top ways people are scammed include: buying gifts from fake online retailers which never arrived, inadvertently buying counterfeit DVDs and Blu-Rays, having their online shopping accounts hacked and being exploited into giving to a fraudulent charity.

Who is at risk?

When it comes to the targets of festive fraud, the usual stereotypes do not apply. For Christmas scams, 45% of 18 – 24 year olds fell victim to fraud in comparison to 26% of over 55s as just under a third of senior citizens targeted by online criminals. In this case, it is particularly the younger generation who need to be more vigilant in protecting their online information.

How do I protect myself?

In addition to regularly changing your passwords and having thorough online security software, a few minor changes in online shopping habits can go a long way. Always lookout for the SiteLock logo as this guarantees the legitimacy of an online retailer. A huge 54% of shoppers admitted to not always looking out for SiteLock, which means you could be handing over your details to con artists.

Take the above steps to protect your family from fraud and find out the most common scams and tricks in our infographic below.


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