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Top 5 Black Friday scams and how to avoid them: make your holidays stress-free


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).

Top 5 Black Friday scams and how to avoid them: make your holidays stress-free

Tips for Black Friday shopping

It’s hard to spot all the scams that exist. Yet, several useful tips will help you keep safe during the upcoming Black Friday and Cyber Monday.

Following the tips above, you will be quite safe during this year's holiday season. However, don’t let the sense of urgency and FOMO take away your vigilance— fraudsters, hackers, and scammers might take advantage of that.

OctaFX is a global broker providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 150 countries with more than 12 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities and small to medium enterprises. On a side note, OctaFX has also won more than 50 awards since its foundation, including the 2021 ‘Best ECN Broker’ award from World Finance and the 2022 ‘Best Global Broker Asia’ award from International Business Magazine.
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