Jacqueline Jayne has put together some advice on how Australians can stay safe online during a time when cybercriminals are notoriously active and she says some of the ideas with Dave.
What’s in-store for Black Friday and Cyber Monday scams
In years gone by, Black Friday was a 24-hour rush to the shops (you remember those places with actual people and merchandise that you could touch) where there was a set time for you to grab a bargain. People arrived at the shops the night before waiting in line for the doors to open. Then, in 2005 the clever people at the National Retail Federation decided that an online frenzy of shopping was needed the Monday after Thanksgiving. We know this Monday as Cyber Monday. In 2008, Cyber Monday hit the bigtime as Thanksgiving fell five days later than in 2007 so the people were hungry for the online deals. The anticipation of the online deals created a frenzy and launched Cyber Monday into the stratosphere. Over time, Black Friday became Black November as retailers cashed in on the sales and consumers obliged.
2020 was a very different vibe as more people than ever were at home unable to get to the shops and Black Friday moved to an online event and as consumers, we had more time to prepare, plan, research and ‘buy all the things’ online taking advantage of both sales.
Cybercriminals were grateful for the shift to everything being online as they too were able to prepare, plan, research and ‘scam all the people’. As we spent more money online they scammed more money online. The exact amount stolen from consumers by cybercriminals (scammers) is unknown, however, based on reported data it is in the billions.
What’s in store for us this year?
Today, in 2021 as we fast approach these two shopping events, it’s a very different landscape. Black Friday is no longer the event it once was, and Cyber Monday has lost its shine in many ways. Retailers have their cards on the table for us all to see and the headlines of ‘The Best Deals for Black Friday and Cyber Monday 2021’ are coming thick and fast and so are the scams.
Tips to Avoid Scams
- Do your research on what you want to buy
- Only buy on official websites – ignore anything that comes to you via email, SMS or a pop-up ad.
- There will be an increase of emails, notifications, pop up ads with amazing deals all asking you to CLICK on something or OPEN something to access the deal. Unfortunately, many of these will be fake and scams so pay close attention and don’t click!
- Use a third-party payment service such as PayPal, Apple Pay or Google Pay which gives you an extra layer of protection. You can also get yourself a gift credit card or a separate credit card that is only used for online transactions.
- Don’t use free public wi-fi as it is not secure. If you must, get a VPN (virtual private network) that enables you privacy and protection while you are online.
- Be aware of parcel delivery scams especially via email and SMS. Always go to the official website to track parcels.
- Make sure you are not reusing your passwords and login details. Using the same email address is fine – however, don’t ever reuse your passwords. If there are too many to remember, you can write them down or ideally, get yourself a password manager tool that can manage all your passwords for you.
What about Retailers?
Should a retailer become the victim of a successful cyberattack, the results can be catastrophic. Loss of reputation, financial impact, brand damage, loss of trust and even having to close the doors. This is serious business for the cybercriminals and protecting your systems, customers and even vendors must be a priority.
- Patch your software and check that your networks are protected from vulnerabilities.
- Take your employees through security awareness training to avoid falling for scams and social engineering attacks in both their personal and professional lives.
- Make sure all your employees know what to expect in relation to paying invoices or transferring money. If they don’t understand what a Business Email Compromise (BEC) is the chance of them falling for one is very high.
- Educate your customers on what to look out for to avoid being scammed. Have a page on your website dedicated to communicating with customers on any scams that have been reported.
- Use social media to keep customers up to date with scams and can also be used as a platform to educate on staying safe online.
- Educate customers who come into your physical stores on staying safe online and shopping safely.
There is a lot to take in. Just remember that it really is the same message every year. Awareness of the problem is the first step in avoiding falling for these scams and you have started that journey. Stay safe online until next time.