In recent years phishing schemes, ransomware, and outright hacking have become extremely profitable for scammers. Because of the prevalence of online transactions both large and small, and the interconnectivity of both mobile and desktop devices, online thieves have been making a good living off of those who are unprepared. The infographic below, put together by Kaspersky Labs, shows just why there has been such a large jump in online attacks – they work.
Protect Your Funds
One of the easiest ways to protect your finances in online transactions is to use an online escrow service. Buyers are protect as purchase funds are held with a neutral third party, and aren’t released until there’s proof that items have shipped or have even arrived for a final inspection. Sellers are also protected as all funds are verified and held upfront – completely removing the risk of non-payment, fraudulent checks, insufficient funds, and credit card chargebacks.
For more information about how you can protect against online fraud and scams, see our posts about the five most common internet scams, how to avoid online auction scams, and see the latest on an online fraud alert map.