Tag Archives: #CyberMonday

Cyber Monday online safety tips

Identity theft is the biggest threat consumers face when shopping online, according to security expert Dr. Yair Levy. Before venturing online for Cyber Monday deals, here are some tips from Dr. Levy which appeared in a recent Sun Sentinel article:

  • Use a dedicated credit card for online purchases and a separate card for to pay bills, buy gas, groceries, etc. If the card is compromised, it’s easy to cancel the account.
  • When making purchases, verify a secured connection by looking for a little padlock or by making sure the Web address starts with “https://” (the “s” stands for secured).
  • Don’t use free wi-fi on your mobile device.

Phishing scams are becoming more frequent and more sophisticated, so be wary of emails or texts claiming to be from your favorite retailer. The best defense is not to click on links in a message or give out any personal information. If the message is legitimate, you can always go directly to the retailer’s website.

For more on identity theft and cybercrime, visit our Facts & Stats page.

Prepared for #CyberMonday and #GivingTuesday?

With Cyber Monday and Giving Tuesday rounding out the Thanksgiving holiday digital spending and giving are expected to reach record levels, which means businesses and individuals need to be prepared for cyber threats.

In 2015, Cyber Monday was the largest e-commerce sales day ever with online orders totaling $3.07 billion and experts expect this year’s total will be higher still, according to a post on the The U.S. Chamber of Commerce’s Above the Fold blog.

It cautions businesses to be vigilant, especially when it comes to payment card protection, and offers the following tips:

—Change your passwords and make them strong: just as you would lock the doors before leaving, lock this door too. Make sure employees know this too.

—Install software updates known as patches that your payment service provider sends you for your payment systems: install updates, just as you would on your phone, so your payment system is protected.

—Keep business information private: keep passwords, user IDs, or other details for payment systems private. Confirm an unexpected call or email separately with the supposed caller or sender before proceeding.

Even digital philanthropy can bring out cybercriminals. According to the Identity Theft Resource Center (ITRC), in recent years there has been substantial growth in web-based giving or mobile donations.

In fact one of the first global-scale events that brought attention to mobile donations was the 2010 hurricane that struck Haiti. The Red Cross received millions of dollars in donations from cellphone users who simply texted the word “HAITI” to a five-digit number.

While it feels good to give, the ITRC says it’s important to remember to do your homework and check out a charity before clicking on a link or responding to potentially fraudulent email requests claiming to be a part of Giving Tuesday.

One cause you might consider supporting is The Insurance Industry Charitable Foundation’s Early Learning Initiative (ELI) which provides an opportunity for every young child – regardless of means – to learn to read and write.

Join your insurance industry colleagues in the worldwide #GivingTuesday movement by contributing $5 for ELI here.

Check out the Insurance Information Institute’s facts and statistics on corporate social responsibility here. The I.I.I. white paper Cyberrisk: Threat and Opportunity has the latest information on the current exposure and how insurers are responding.