End of financial year sales are all around us at the moment, and according to the Australian Retailers Association this year Aussies will spend a whopping $9.3billion on mid year sales. For scammers, the thirst for shoppers to grab a bargain means that there are thousands of unsuspecting new victims on the horizon.
Scams are everywhere – the PayID scam, the Netflix Scam and the Quickfire scam are just some of the ones doing the rounds. Online shopping scams are often a little different. It involves criminals creating a mimic of ‘ghost’ shopping sites to rip off unsuspecting shoppers. Some are incredibly sophisticated and will use social media ads, or have really strong SEO, so customers are targeted based on what they are interested in.
Australians have had more than $2.5 million stolen from them in these types of scams and that is just in the first four months of this year. We also know that Australians often don’t report scams to authorities when it takes place -in fact recent research from SellSecurely.com found that two thirds (66%) of Australians who have been scammed didn’t report it.
What we also know is that when it comes to these types of scams individuals tend to lose less than $1000, with the low price of the products on offer helping scammers to lure in victims, and Millennials (aged 25-45) are the most likely to fall victim to this type of scam.
There are some tips of how to avoid scams this sale season (while still being about to grab a bargain), here are my top tips:
With some vigilance and additional research you can still nab a great bargain over the coming weeks, but at the end of the day, I always live by the motto of: if the deal seems too good to be true, it probably is.