It’s “Black Friday”.
But wait before you dive in, make sure you’re staying safe while you shop, and these days it means protecting yourself from online theft.
Black Friday is one of the biggest shopping days of the year (137M shoppers expected this year during the four happy days of Black Friday sales), with consumers expected to spend over $3B on the day this year – a lot of money and personal data that could be snatched up by the hackers. Our Vice President – Products, Deepak Panigrahy, enlists few ways to shop safely and cautiously.
- Use Credit Card instead of Debit Card: In comparison to Debit Cards, Credit cards offer users more protections if the card is compromised, and won’t impact your checking account during the holiday season if there’s an issue.
Never provide your banking or credit/debit card information over an unsecured public WiFi network.
- Avoid Using IoT Devices to Pay: IoT attacks were remarkable not only for their size, but also for the source and nature of the traffic they used. Recent studies have found that a malware, called Kaiten, which targets home routers and Internet of Things (IoT) devices, has now been released to the world at large, under the name Mirai, and targets more than 60 default username and password combinations.
- Don’t Use the Same Password for Everything: Despite the best efforts of biometric and other security companies like ours, the main method of authentication for online or mobile purchases is still passwords.
Do not use the same password for all online purchases.
- Beware of Email Receipts for Unrecognized Purchases: Phishing emails have been around since email, and they still continue to “work”.
Shop only at credible, reputable websites, and look for URLs that start with “https”, which are more secure than “http” sites. Remember, Hackers often use “can’t miss” deals to lure unsuspecting customers and collect credit card or financial information.
Remember—hackers are shopping today too along with you. Stay safe, and good luck! Happy Thanksgiving!