OctaFX has prepared a list of security tips that will come in handy during this year’s Black Friday and Cyber Monday.

The online frauds surrounding Black Friday and Cyber Monday sales have become a major concern recently. With so many people making purchases, it is easy for scammers and hackers to use some of their sophisticated techniques to defraud unsuspecting customers. Let’s look at the scams you might encounter during the upcoming shopping season and how to avoid them.
Top 5 online shopping scams to be aware of
The five most common online shopping scams mostly focus on either impersonating famous retailers or social engineering tricks, which usually end up in phishing attacks that aim at stealing your online identity. Being able to spot them is crucial in such an intense period when everything around you creates a sense of urgency and even fear (of missing out, in this case).
Fake retailer scam
During the shopping craze, it’s hard to identify all the luring offers and where they come from. You can easily find yourself on a site with a URL that almost precisely copies the address of a well-known and trusted retailer. The site would look very similar to the original one. However, it would be used to steal your login credentials, bank card information, or even money, should you place an order through it.
Fake advert scam
If something sounds too good to be true, it probably is. Beware of adverts that promise unrealistically great deals. Those might either look like…
