While the pandemic recedes, consumers are likely to do much of their shopping online during Diwali. Criminals are the potential to follow, and below are some tips to ensure safe shopping online.
We recently saw a rise in online credit card fraud, a trend that accelerated during the pandemic when more people turned to the internet instead of brick-and-mortar stores to make purchases. By the end of this year, online card fraud losses will have risen to almost $8 billion, from approximately $6 billion five years ago.
According to a Deloitte survey, while consumers feel less anxious about shopping in stores this holiday season, they still expect to do more than two-thirds of their holiday shopping online.
Additionally, shoppers may turn to less familiar, less secure sites for the perfect gift due to limited merchandise supplies and shipping delays related to the pandemic.
Since credit cards offer strong consumer protection, they are often considered the safest…