What's Happening?
Michael Jabbara, senior vice president at Visa, shared insights on avoiding holiday shopping scams during an ABC News Live segment. Jabbara highlighted common tactics used by scammers, such as phishing emails and fake websites, which target consumers
during the holiday season. He emphasized the importance of verifying the authenticity of online retailers and being cautious with personal information. Jabbara also recommended using secure payment methods and monitoring bank statements for unauthorized transactions.
Why It's Important?
With the holiday season being a peak time for shopping, consumers are at increased risk of falling victim to scams. Jabbara's advice is crucial for protecting personal and financial information, helping consumers navigate the online shopping landscape safely. As e-commerce continues to grow, awareness and education about cybersecurity are vital for preventing fraud. Visa's involvement underscores the role of financial institutions in promoting secure shopping practices.
