Shop with confidence: Tips to stay safe while online shopping
In today's digital world, your phone is more than just a way to communicate, it's a powerful tool that lets you shop anytime, anywhere. Whether you're ordering groceries, clothes or the latest technology, it's all just a few taps away. But with that convenience comes some risks.
In 2024, online shopping scams were the second most reported type of fraud among 2.6 milllion consumers, according to the Federal Trade Commission (FTC)1. Any time you enter personal or payment information online, there is a chance that cybercriminals could try to take advantage. But don't worry - we've got your back.
At Abound, your financial security is our top priority, and staying informed is the best way to protect yourself. Here are a few easy ways to help you safeguard your information:
In 2024, online shopping scams were the second most reported type of fraud among 2.6 milllion consumers, according to the Federal Trade Commission (FTC)1. Any time you enter personal or payment information online, there is a chance that cybercriminals could try to take advantage. But don't worry - we've got your back.
At Abound, your financial security is our top priority, and staying informed is the best way to protect yourself. Here are a few easy ways to help you safeguard your information:
- Verify the website - While browsing for deals, always double-check that the website is secure. Look for "https" at the beginning of the URL. The "s" stands for secure and means your data is encrypted. You will want to avoid sites with spelling errors or suspicious formatting. When in doubt, don't proceed.
- Use safer payment methods - If available, use secure payment services like PayPal or Venmo, which allow you to pay without sharing your card information directly. If you have to use a card, use your credit card. Credit cards often provide stronger protection if fraud does occur.
- Get creative - Use a unique mix of letters, numbers and symbols when making your passwords. Do not use the same password across multiple sites. Additionally, it's best to enable two-factor authentication whenever possible. It provides extra protection by sending a one-time code to your device each time you log in.
- Avoid Public Wi-Fi - Never check your bank account or complete an online purchase while connected to public Wi-Fi. These networks are usually unencrypted, making it easier for hackers to intercept your information and gain access to your accounts.
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