Avoid Online Fraud. More people stayed at home during the global pandemic era. This resulted in a significant increase in online commerce. Particularly in the financial and retail sectors. As well as delivery services. Schooling, streaming services. Pharmaceutical sales. Telemedicine. And other areas. According to the UN Conference. E-commerce accounted for 19 percent of all retail sales globally in 2020. With the United States alone adding $105 billion in e-commerce. Approaching 40% growth in Q1 2021.
Online fraud
Such as cybercrime and fraud. Has increased in tandem with this expansion. As the frequency of fraud has grown. So has the sophistication of the deception. In the last two quarters of 2020. Sophisticated attacks on stores accounted for 76% of all attacks. Because they try to imitate human behavior, these attacks are slower yet more challenging to detect. Businesses report that as fraud has progressed.
Efficient At Combating
They have been less efficient at combating it. With the ever-changing Internet banking environment, Chargebacking is dedicated to safeguarding and reclaiming your assets in the event that you misplace your personal or company funds. During a one-on-one session with their professionals, they enlightened me on the 7 most important ways we can avoid online fraud from happening to us!
7 Tips To Try To Protect Yourself From Online Fraud
- Keep your laptops and smartphones up to date with the latest software. Security software, Web browsers, and operating systems are the best ways to protect against viruses, malware, and other online threats. Turn on auto-updates to get the latest software as soon as they’re released.
- Use secure passwords. An unhackable password contains a mix of upper and lowercase letters, numbers, and special characters and is at least eight characters long.
- Be aware of phishing scams. By sending users fake emails or visiting fake websites, phishing scams attempt to deceive users into providing their account or login information. Avoid clicking on any links, attachments, or pop-ups from sources you are unaware of. Phishing emails should be forwarded to the Federal Trade Commission (FTC) at [email protected] and to the firm, bank, or organization impersonated in the email.
- Personal information should be kept private. In password reset programs, hackers can get your passwords and security questions by using your social media profiles. Lock down your privacy settings and avoid sharing personal information such as birthdays, addresses, and your mother’s maiden name. Requests to connect with persons you don’t know should be avoided.
- Make sure your internet connection is secure. Always use a password to secure your home wireless network. When using public Wi-Fi networks, be cautious about transferring information across the web.
- Shop with caution. Check to see if the website uses secure technologies before you order online. Verify sure the web address begins with HTTPS when you go to the checkout screen. You should also check if there’s a tiny lock sign on the page.
- Review the privacy policies of the website. Privacy policies, despite their length and complexity, explain how the site secures the personal information it collects. Consider conducting business somewhere else if you can’t see or comprehend a site’s privacy policy.
Keep yourself safe from online frauds, but in case you do ever become a victim – reach out to Chargebacking, from what I have heard they have the highest retrieval rate in the industry!
