Tips to Avoid Holiday Scams
The holiday season is a time for joy, celebration, and giving. Unfortunately, it’s also a time when scammers ramp up their efforts to take advantage of busy, distracted shoppers. At First South Financial Credit Union, we care about your financial security and want to help you protect yourself from common holiday scams.
Here’s what to watch out for and how to safeguard your personal information and finances this season.
Online Shopping Scams
With the convenience of online shopping, scammers often set up fake websites or create counterfeit versions of trusted retailers to steal your money or personal information.
How to Avoid It:
- Stick to reputable websites and verify the URL before entering payment details (look for "https" and a padlock icon).
- Be cautious of deals that seem too good to be true—they often are.
- Use secure payment methods, like credit cards, which offer added protection.
Phishing Emails and Texts
Fraudulent emails and text messages often appear from legitimate companies, asking you to click on links, provide sensitive information, or make payments.
How to Avoid It:
- Verify messages by contacting the company directly.
- Hover over links to check where they lead before clicking.
- Look for red flags like spelling errors or urgent language designed to pressure you.
Fake Charities
The spirit of giving makes holiday fundraising campaigns appealing targets for scammers posing as charities.
How to Avoid It:
- Research charities on trusted platforms like Charity Navigator before donating.
- Avoid making donations via unsolicited calls, texts, or emails.
- Ensure the organization is registered and has a secure website.
Gift Card Scams
Scammers may pressure you to pay for goods or services with gift cards, claiming it’s the only acceptable payment method.
How to Avoid It:
- Only purchase gift cards from reputable retailers.
- Never use gift cards to pay for debts, taxes, or fees.
- Report suspicious activity to the gift card issuer immediately.
Social Media Scams
Fake ads and giveaways on social media are common during the holidays, designed to lure you into sharing personal or financial information.
How to Avoid It:
- Be cautious about entering contests or clicking on ads without verifying the source.
- Check for reviews and feedback before purchasing from a social media ad.
- Avoid sharing sensitive information online, even for giveaways.
Package Delivery Scams
Fraudsters send fake notifications claiming there’s an issue with your package delivery, tricking you into providing personal information or paying a fee.
How to Avoid It:
- Use official tracking numbers from legitimate delivery companies.
- Don’t click on unsolicited links in emails or texts.
- Contact the delivery service directly if you’re unsure about a notification.
Protecting Your Finances with First South Financial
We’re committed to your financial security. Here are some ways we can help:
- Real-Time Alerts: Set up alerts for unusual account activity to stay on top of potential fraud.
- Secure Banking Tools: Use our mobile and online banking platforms for safe transactions.
- Expert Support: Contact us immediately if you suspect fraudulent activity.
Stay Vigilant and Enjoy the Season
The holidays are meant to be a time of happiness and celebration. By staying alert and taking precautions, you can keep your finances safe and focus on the things that truly matter.
If you have questions about fraud prevention or need assistance with your account, visit First South Financial or call us directly.
From all of us at First South Financial, we wish you a safe and joyous holiday season!
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