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Online shopping: Be secure when shopping online

Online shopping is convenient and the preferred way to shop for a lot of Australians but it comes with a risk.

Cybercriminals often target online shoppers to steal their money or their personal details. They do this through a variety of methods, including setting up fake retailer websites, selling products that don’t exist, asking for personal and payment information they don’t need, and installing malicious software (“malware”) on your device. It is important to be alert and be secure when you are shopping online.

Once a cybercriminal has your financial details and money you are unlikely to get your money back. Not only will you be disappointed your goods never arrived, you will also have lost the money you paid for the goods.

There are many things to think about when using personal devices (e.g. smartphones, tablets, computers and laptops) for online shopping. Follow these security tips to make sure your online shopping experience is secure.

Online shopping scams can have serious effects

Online shopping scams don’t discriminate. They can affect individuals of any age and businesses of all sizes.

How to shop online securely

The best way to protect yourself while shopping online is to know how to look for suspicious websites and sellers while boosting your protective security measures. There are many things to be aware of while you shop and after you make a purchase.

To help you prepare, we have put together a checklist of the key advice:

  • Shop using secure devices

Make sure the devices you use for online shopping have the latest updates installed and are connected to a trusted network. For example, use your home Wi-Fi or (4G/5G) cellular rather than public Wi-Fi.

  • Protect your payment information and accounts

Be careful saving payment information on an online shopping account. If you do save payment information to an account, you should turn on multi factor authentication (MFA) to protect it. Where this is not possible, set a long, complex and unique passphrase as the account’s password to help keep cybercriminals out. You could also use a password manager to generate and store passwords for you.

  • Use trusted sellers

Research online shopping websites before you buy and stick to well known, trusted businesses.

  • Know the warning signs

Extremely low prices, payments through direct bank deposits and online stores that are very new or have limited information about delivery, return and privacy policies can all be signs of a scam.

  • Use secure payment methods

Never pay by direct bank deposits, money transfers or digital currencies such as Bitcoin, because it is rare to recover money sent this way. You should pay by PayPal or with your credit card. You may want to set up a second card with a low credit limit and keep it specifically for online shopping. This will help minimise financial losses if your card details are compromised after shopping online.

  • Don’t engage and report suspicious contact

Be aware of any strange phone calls, messages or emails you get about online orders. It could be someone trying to get you to share your personal or financial details. If someone contacts you about an order you don’t remember placing, it could be a scam. Stop contact and reach out to the store using the details on their official website to check.

  • Watch out for fake delivery scams

Don’t let your guard down while you’re waiting for your goods to arrive. Cybercriminals can send fake parcel delivery notifications with links that could trick you into downloading malware or giving away your personal details. If you receive such a message, do not click on the link. Delete the message immediately. You can contact the seller or the courier company using the details on their official website. Scamwatch has examples of what these fraudulent text messages may look like.

  • Take additional precautions

It is always a good idea to limit the amount of personal information that you use on websites. Ask yourself if the website really needs this extra information or an account to complete the transaction.

Visit www.scamwatch.gov.au for more information on online shopping scams.

Source: Australian Cyber Security Centre (ACSC)

Hardik Gupta

Senior Paraplanner

Education: Master of Business Administration (Finance & marketing) & Bachelor of technology (B.tech)

Hardik is a financial professional with an MBA in Finance and extensive expertise in financial planning. As a Senior Paraplanner, he brings a wealth of knowledge and a deep commitment to helping clients achieve their financial goals.

With significant experience in the financial industry, Hardik excels in creating detailed financial plans, performing comprehensive financial analyses, and supporting financial advisors with client portfolio management. His strong background in finance provides him with a robust understanding of market dynamics, investment strategies, and risk management, enabling him to deliver tailored solutions that align with each client’s unique needs.

In his free time, Hardik enjoys spending quality time with his family, biking, playing snooker, and exploring new culinary delights through cooking.

Mayank Manta

Team Leader

Master’s of Commerce & Bachelor of Commerce

Mayank has 8 years experience in the Financial Services industry, with extensive understanding and in-depth knowledge of Financial Planning.

Mayank enjoys systems and numbers, ensuring that every step that needs to be followed gets done and every step that is unnecessary be removed from the process. Being an open, honest and naturally empathetic person, Mayank goes out of his way to ensure that clients, family and friends are happy and content. In his free time, Mayank enjoys spending quality time with my family, creating lasting memories with the people who matter most to him.

Another activity he enjoys is travelling – exploring new places and experiencing different cultures is something that excites him.

Jack Wyer.

Financial Adviser

Bachelor of Business – Major, Financial Planning

Jack Wyer is a Financial Planning Graduate who has recently commenced his Professional Year with Verity Wealth Solutions. With a Bachelor’s Degree in Business, Majoring in Financial Planning, Jack has demonstrated high achievement, receiving merit awards in both 2021 and 2022. Jack’s passion for helping others and his desire to see others succeed financially have been the driving forces behind his chosen career pathway.

Driven by his passion for financial well-being and his innate ability to connect with others, Jack is dedicated on making an impact on the lives of others. Through his expertise, empathy, and commitment, he strives to empower people to achieve their financial goals.

Alongside his financial planning endeavours, Jack finds joy in spending quality time with friends and family and wants to slowly visit new countries along the way. Jack is also an avid Soccer player, actively playing for a local team. When it comes to supporting a team, Jack goes for Tottenham in the English Premier League.

Jack Wyer’s Adviser Profile