For the first time, USA holiday retail sales are expected to surpass $1 trillion for 2019, an increase of more than 3 percent from 2018.
The holiday shopping season is in full swing. This year, sales totals on Cyber Monday are expected to reach up to if not more than $10 billion.
The Better Business Bureau is warning shoppers about scammers who are trying to get your hard-earned money this Cyber Monday. Consumers spent $7.9 billion on online purchases on Cyber Monday previous year, and those dollar figures are expected to remain high in 2019. The BBB says to also price check an item before you buy to make sure you're getting the best deal.
"They're luring them into sites that they can put their personal or financial information in, and the product that they're ordering doesn't actually come", Johnson says. Secure web addresses begin with https:// and not just http://. It's also recommended that shoppers use their credit card to make online purchases, because it offers more protections against fraud than a debit card does.
"This is like a buffet for cyber criminals because they can just pepper people with phishing emails and offer them great deals and since everybody's in shopping mode they're going to click on everything they see, which is risky", said Stacy Arruda, CEO and Principle of Arruda Group.
Among everything, Johnson says it's important consumers do their research ahead making purchases on Cyber Monday.
First protect your personal information online by updating security software on your computer and mobile device.
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