One in five online shoppers have lost money to scams

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One in five online shoppers have lost money to scams
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Banking Payments Federation of Ireland launches aid to help people discern whether a website or link is legitimate

Shoppers are being urged to remain vigilant for online shopping scams in the run-up to Christmas amid a spike in fraud attempts.

Through its Fraudsmart initiative, the banking sector lobby group is warning consumers that fraudsters take advantage of the busy period from cyber Monday to Christmas to scam people out of money. According to BPFI research, eight in 10 people plan to shop online this Christmas with just 3 per cent saying they never shop online.“Worryingly, our research today also highlights that one in five shoppers admit to not taking basic security precautions when shopping online,” said Ms Davenport. “Almost 50 per cent of online shoppers confess to clicking on links from social media or pop-up ads instead of independently visiting and checking the website of the company.

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