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Tuesday, November 21, 2006

Holiday Shopping Brings out Scammers

It's buyer beware now that the holidays are upon us. Apparently, one in 10 online adults have been defrauded while shopping online, and during the holidays, it gets worse.

One of the most popular types of fraud his organization has seen involves auction sites. Sellers end up not delivering the goods they've received payment for or buyers fail to pay up, Teixeira said.

Fraudsters also take advantage of the goodwill of people during the holidays with charity fraud, he said. One con to watch out for are "phishing" e-mails that look like they're from a charity and trick consumers into giving out their personal data.

Another piece of advice is to avoid debit card purchases since it can leave your bank account vulnerable.


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