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online fraud: Five ways to stay safe from financial frauds during year-end sales

The year-end is just around the corner, and with that, comes the plethora of sales from fashion houses and e-commerce websites trying to make our holiday season ready. The year-end clearance sales and discounts and customers looking to indulge in some retail therapy give scammers ample avenues to carry out their fraudulent activities. Here are five tips from Truecaller on how to stay protected against financial fraud during the year-end sales:

Be vigilant about suspicious logins and messages
Most shopping and e-commerce websites ask their users to create an account to access their collection or place orders. When creating an account, users have to provide an e-mail address or a phone number on which they receive updates on the latest offers, the orders they have placed, and exciting deals they can avail of. These modes of communication can be incredibly useful for users to track the orders being placed, as well as their login activity. Very often, scammers can get access to account information, log into user accounts, and place orders using the stored payment options. Being vigilant about suspicious logins and order messages allows users to be informed when there is suspicious activity, or when there is an order that they have not placed, which can then be immediately reported to the support team of that particular website or to a local police authority if a monetary transaction has been carried out.

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One of the most common tactics…

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