Urgent Alert: N.Y. Officials Warn of Cyber Monday Scams

UPDATE: New York officials are sounding the alarm on a surge of online scams just in time for Cyber Monday. The New York Department of State and the FBI are urging holiday shoppers to remain vigilant against fraud as they seek out the best deals this season.

With the holiday shopping frenzy underway, experts warn that both online scams and AI-generated fraud are on the rise. The New York State Division of Consumer Protection has issued a critical warning to consumers to avoid fake websites and potential scammers eager to exploit unsuspecting shoppers.

“Think before you click,” said Walter Mosley, New York State Secretary. “If the offer’s too good to be true, it most likely is.” He emphasized the potential devastating impact, stating that scammers can drain checking and investment accounts, resulting in significant financial losses.

The FBI has also weighed in, highlighting a concerning trend of scams targeting emails and online shopping platforms during this peak season. Special Agent Scott Schoenhardt warned,

“An educated consumer is the best defense against fraud.”

Last year, consumers reported over $17 million in losses due to online shopping scams, with an additional $41 million lost to business impersonation scams. This alarming data underscores the need for shoppers to protect themselves during the busiest shopping day of the year.

To help combat these threats, state officials have provided a comprehensive list of consumer tips. Shoppers are advised to:
– Keep accounts current and use strong passwords
– Verify sellers and scrutinize third-party vendors
– Be cautious of AI-generated images
– Check return policies and confirm website addresses for accuracy

This guidance is not just for the holiday season; officials stress the importance of these practices year-round. The message is clear: informed consumers are less likely to fall victim to fraud.

As Cyber Monday approaches, the urgency to remain vigilant has never been greater. Experts recommend taking extra precautions while browsing online deals, especially in light of the rapid increase in scams.

If you suspect you’ve fallen victim to a scam, numerous resources are available to assist you. Remember, the age-old advice rings true: if it sounds too good to be true, it probably is. Stay safe this holiday season and protect your hard-earned money.