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Trustifi's Holiday Fraud Prevention Guide
Posted: Wed Dec 02, 2020 03:59:38 PM

With the holiday season here, this means the phishing and scam season is here as well. Due to COVID-19 online says will likely be higher than normal this year.

Trustifi has put together a guide to provide warnings against common scams and recommendations for staying safe on the web during the holidays.

Scams to be aware of

Trustifi's data shows that there is an increase in phishing, spam, and Business Email Compromise (BEC) attacks. These scams might not be easy to spot since the attackers always figure out new creative ways to trick users. Unfortunately, these scams could lead to credential harvesting or the theft or credit card numbers and even money.

How These Scams Work

Phishing Attack is when the attacker is masquerading as a trusting entity (person, store, or service provider), making the victim trust them, and hand over sensitive information.

Spam is usually an unwanted email, usually advertisements. Spam emails can contain phishing - the attacker ends an advertising email and adds a link to a phishing website to lure you in.

Business Email Compromise (BEC) is a scam used to impersonate an important, valuable, known person to trick the user to take certain actions. Usually, BEC targets companies and impersonates the CEO. The email is sent to an employer and asks for an urgent wire transfer, invoice payment, or gift card purchase.

Top Holiday Season's Attacks

  1. Fake deals - spam, advertising emails, offers on "too good to be true" deals. Often also mimics popular stores.
  2. Fake receipts and invoices - using phishing techniques, the attacker sends a fake receipt or invoice to catch the recipient's interest ("interesting... I don't remember I bought this product") and make them click a link or download the malicious attachment.
  3. Fake shipping status alerts - Shipping status email can incite the recipient's excitement to get their shipment and make them click a forged link to track the shipment. But instead of tracking shipment, their computer might be infected with malware or they can be asked to fill in their personal details.

Would you like to learn more about how Trustifi can help you with fraud prevention? Contact Us!

Read Trustifi's Holiday Fraud Prevention Guide.

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