Business, Economics, Stock markets, FTSE, Retail industry, Black Friday Business | The Guardian
Rolling coverage of the latest economic and financial newsAmazon workers in 20 countries to protest or strike on Black FridayThe best Black Friday deals on the products we love: air fryers, heated throws and Shakira’s hair waverFinancial advisor Quilter is urging shoppers to have a heightened awareness of the scams targeting their money.They warn that Black Friday and Cyber Monday is prime time for fraudsters looking to take advantage of people during this period of high-volume spending and frenzied online activity.A sense of urgency – This is one of the most common tactics used at this time of year. Fraudsters design offers that appear to be fleeting, pressuring shoppers to act quickly without thoroughly evaluating the legitimacy of the deal.
Phrases such as ‘limited time offer’ or ‘only a few items left’ can be red flags. Making hasty decisions could prove costly, so you should always stop and take a moment to assess the offer critically before proceeding.Fear and anxiety – Scammers often incite fear by suggesting that failing to act immediately could result in negative consequences, such as missing out on a deal or facing account issues.
Emails from retailers are rife at this time of year, but messages claiming that your account has been compromised and urging you to click a link to verify your information are common scams. You should always verify such claims by directly contacting the retailer or service provider through official channels.Greed and excitement – Scammers know that the allure of significant discounts can cloud judgement, so you should always question the authenticity of deals that offer products at prices well below market value. It is wise to compare prices across multiple trusted sources to validate the offer, and shop only from secure, official websites.
You should always look for a padlock symbol in the address bar and verify that the URL starts with “https://”. Secure connections protect your personal and financial information from being intercepted by malicious actors. Continue reading…
Rolling coverage of the latest economic and financial news
- Amazon workers in 20 countries to protest or strike on Black Friday
- The best Black Friday deals on the products we love: air fryers, heated throws and Shakira’s hair waver
Financial advisor Quilter is urging shoppers to have a heightened awareness of the scams targeting their money.
They warn that Black Friday and Cyber Monday is prime time for fraudsters looking to take advantage of people during this period of high-volume spending and frenzied online activity.
A sense of urgency – This is one of the most common tactics used at this time of year. Fraudsters design offers that appear to be fleeting, pressuring shoppers to act quickly without thoroughly evaluating the legitimacy of the deal.
Phrases such as ‘limited time offer’ or ‘only a few items left’ can be red flags. Making hasty decisions could prove costly, so you should always stop and take a moment to assess the offer critically before proceeding.
Fear and anxiety – Scammers often incite fear by suggesting that failing to act immediately could result in negative consequences, such as missing out on a deal or facing account issues.
Emails from retailers are rife at this time of year, but messages claiming that your account has been compromised and urging you to click a link to verify your information are common scams. You should always verify such claims by directly contacting the retailer or service provider through official channels.
Greed and excitement – Scammers know that the allure of significant discounts can cloud judgement, so you should always question the authenticity of deals that offer products at prices well below market value. It is wise to compare prices across multiple trusted sources to validate the offer, and shop only from secure, official websites.
You should always look for a padlock symbol in the address bar and verify that the URL starts with “https://”. Secure connections protect your personal and financial information from being intercepted by malicious actors.
