Baylake Bank eNews. Member FDIC
Online Shopping Security Tips for the Holiday Season

Couple with card and laptopMore shoppers than ever are turning to mobile devices and computers to do their holiday shopping. However, internet shopping has unique risks for consumers, so shoppers need to take steps to protect themselves from fraud and scams. Here are a few tips for novice and veteran internet shoppers.

Avoid using public Wi-Fi
Any purchases made online require transmitting your credit card and/or bank account information over the internet. Using a public Wi-Fi connection to do so puts that sensitive information at risk. Hackers can tap into unsecured Wi-Fi connections at hotspots like coffee shops and airport terminals to capture that information. If you're using a wireless connection to shop, be sure that it requires a password or WEP key.

Don't respond to text solicitations
During the holiday shopping season, scammers may send out fake deals or offers via cell phone text message. If you respond, you'll likely be prompted to divulge sensitive financial information or to confirm sensitive information (such as a credit card number). Do not respond. Responding might also subject you to more unwanted and unsolicited scam texts.

Monitor your accounts
Proactively monitoring your financial accounts (such as bank and credit card statements) can help you catch errors and spot potential fraud at the first sign. To simplify this process, use a single credit card for all your online purchases. That way you only have one statement to check instead of several.

Do not click links on social networking sites
To avoid infecting your computer or mobile device with malicious software, never click on a link to a deal or special savings in an unsolicited email. Scammers will often disguise a social media post or email to make it seem as if it's coming from a known retailer, but the link will take you to a fake site and infect your device. If you see a link that supposedly leads to a sale you want to take advantage of, visit the retailer's website directly rather than clicking the link. From there you can verify if the sale is legit.

Finally, if you do notice suspicious charges on your credit card or transfers from your banking account, contact your card company and bank right away to notify them. They will put a freeze on the account, preventing further fraud.
 

 

Please note that Baylake Bank will never ask you to reveal or confirm any personal or account information from an email. We value and respect your email privacy. EHL - Member FDIC

Baylake Bank | 217 N. 4th Avenue | Sturgeon Bay, WI 54235 | 1-800-267-3610