Holiday Scam Mythbusters: Protect Yourself This Season
The holidays are a time for joy, generosity, and connection—but unfortunately, they’re also prime time for scams. Let’s debunk six common holiday scam myths to help you and your credit union members stay safe this season.
Myth #1: All Online Stores Offering Great Discounts Are Legit
Scammers often set up fake websites offering incredible deals to steal credit card information. Nationally, online shopping scams account for a significant percentage of reported fraud during the holidays, with Pennsylvania seeing spikes in complaints in previous years. Stick to reputable sites, look for “https” and padlock symbols, and remember: if a deal seems too good to be true, it probably is.
Myth #2: Gift Cards Are Always a Safe Payment Option
While gift cards are great for presents, they should never be used for payments. Fraudsters impersonate government agencies or employers, demanding payment in gift cards. In Pennsylvania alone, over $4 million in fraud losses were tied to gift card scams last year. Verify requests and never act on urgent appeals without confirmation.
Myth #3: Every Charity Asking for Donations Is Genuine
Holiday scammers exploit goodwill, posing as charities. Nationwide, the FTC reports millions lost annually to fake charity scams. Before donating, research charities on platforms like GuideStar or Charity Navigator. Never give on the spot—legitimate organizations won’t pressure you.
Myth #4: All Package Delivery Notifications Are Real
Fraudulent delivery texts are a common holiday trap. Scammers claim a package can’t be delivered and ask you to click a link or provide information. This can lead to malware or stolen data. Pennsylvanians should track deliveries directly through carriers like USPS, UPS, or FedEx to avoid falling victim.
Myth #5: All Holiday Job Offers Are Legitimate
Fake job postings promising high pay for little effort often ask for sensitive details or upfront fees. According to the Better Business Bureau, job scams are one of the most financially damaging frauds, particularly during the holidays. Verify opportunities through trusted job platforms, and remember that legitimate employers don’t charge fees or request personal information early.
Myth #6: Social Media Holiday Giveaways Are Risk-Free
Who doesn’t love a free giveaway? Unfortunately, scammers create fake contests requiring fees or sensitive information to claim prizes. To stay safe, participate only in giveaways from verified brands, and never share private details.
Tips for Staying Safe
- Be skeptical of deals, jobs, or requests that seem out of the ordinary.
- Research before donating, clicking links, or sharing personal details.
- If in doubt, reach out to your credit union for guidance.
This holiday season, let’s prioritize joy and caution. Share these insights with your members to help keep them protected from scams, and remember—CrossState is here to support you year-round. Stay safe, and enjoy a fraud-free holiday season!