What's Happening?
Michael Jabbara, senior vice president at Visa, has provided insights on how consumers can protect themselves from holiday shopping scams. During a segment on ABC News Live, Jabbara discussed common tactics used by scammers during the holiday season,
such as phishing emails, fake websites, and fraudulent advertisements. He emphasized the importance of vigilance and recommended using secure payment methods, verifying website authenticity, and being cautious of deals that seem too good to be true.
Why It's Important?
The holiday season is a peak time for shopping, both online and in stores, making it a lucrative period for scammers. As consumers increasingly rely on digital transactions, the risk of falling victim to scams rises. This not only affects individual consumers but also has broader implications for the retail industry and financial institutions. By raising awareness and educating the public on how to identify and avoid scams, companies like Visa play a crucial role in safeguarding consumer trust and financial security.
