Urgent Warning: NY Officials Alert Shoppers on Cyber Monday Scams

URGENT UPDATE: The New York Department of State and the FBI have issued an immediate warning to consumers about a surge in online scams this Cyber Monday. As holiday shopping kicks off, authorities emphasize the critical need for vigilance against fraud and deceptive practices designed to exploit unsuspecting shoppers.

Experts report that both online scams and AI-generated fraud are on the rise this holiday season. The New York Department’s Division of Consumer Protection is actively advising shoppers to steer clear of counterfeit websites and scammers who may target them while browsing for deals. This alert comes just as consumers are poised to take advantage of steep discounts available through various online platforms.

DATE: November 27, 2023. The FBI is amplifying its caution, urging shoppers to remain vigilant when checking emails and offers during this critical shopping period. With the term “Cyber Monday” first popularized by the National Retail Federation in 2005, the day has become synonymous with significant online savings.

State leaders have released a comprehensive list of consumer tips to help shoppers protect themselves. Key recommendations include:
– Keep accounts up-to-date
– Use strong, unique passwords
– Verify sellers carefully
– Be wary of third-party sellers
– Look for AI-generated images
– Review return policies
– Confirm website addresses for accuracy

Walter Mosley, New York’s Secretary of State, stresses the importance of education in consumer behavior. “An educated consumer is the best shield against scams,” he stated. “We want to minimize the risk for New Yorkers who are looking to enjoy a fruitful holiday season without losing hard-earned money.”

Scott Schoenhardt, a supervisory special agent with the FBI in Buffalo, echoed the sentiment, warning of the severe consequences of online scams. “If an offer seems too good to be true, it likely is,” he cautioned. “The impact can be devastating, draining entire bank accounts or investment funds.”

The urgency of these warnings is underscored by last year’s statistics, which revealed that consumers reported over $17 million in losses from online shopping scams, alongside $41 million in losses tied to business imposters. Such figures highlight the significant revenue that states lose due to fraudulent activities.

As the holiday shopping season unfolds, both the Department of State and the FBI urge consumers to remain proactive, not just during this season, but throughout the year. If you fall victim to a scam, resources are available to assist. Remember, the rule of thumb remains: if it sounds too good to be true, it likely is.

Stay alert and share this vital information with fellow shoppers to ensure a safe and enjoyable holiday shopping experience.