Holiday Scams Awareness

No matter the time of year, scammers and fraudsters never rest. Scammers often take advantage of the increased online shopping, travel, and charitable giving that occur during this time of year. It's important to be vigilant and aware of potential scams, which is why we put together this blog to help spread awareness of common scams during the holidays.

Gift Card Scams

Gift cards can make great gifts for just about anyone. Scammers often use emails and pop-up ads promising free gift cards. It may be tempting to click on the link, but be wary! This is a way for scammers to collect your data and personal information to use at a later time.

Fake Gift Exchanges

On social media, scammers will send out an invite to a gift exchange with others. It may look like fun and seem like a good opportunity as it states you only have to give one gift to receive many, but this is also a scam! This type of scam works similar to a pyramid scheme where it relies on recruiting new participants. Be sure to decline these types of requests!

Temporary Holiday Job Scams

With the holiday season comes the opportunity for temporary jobs, but scammers may attempt to exploit this. Be cautious of solicitations asking you to share personal information online for a job offer. Instead of sharing your information or clicking on any links, head to the retailer’s website and apply directly on their site or at their location.

Package Delivery Scams

With the increase in online shopping, package delivery scams become more common. Scammers will send text messages and calls to look like they’re from a legitimate package courier, such as UPS, and include a fake tracking link. If clicked on, this link will lead you to a website to enter personal information, or it will install malware designed to gain unauthorized access on your phone or computer. This malware is used to gather your personal data.

If you suspect that you have fallen victim to a holiday scam, report it to the relevant authorities and your financial institution as soon as possible.

Clinton Savings Bank is not a financial advisor. Please consult with a licensed professional who can provide advice tailored to your individual circumstances. While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared. CSB disclaims any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release CSB from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.