Black Friday & Cyber Monday – How to avoid online shopping

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Black Friday & Cyber Monday – How to avoid online shopping fraud awareness vent ‘Ask the Experts’ Andy Fox Financial Abuse Safeguarding Officer

Black Friday & Cyber Monday • https://www.youtube.com/watch?v=v5l1qAYwSuw

BBC News 14th November 2020

Sky News 24th November 2020

Top online shopping fraud items Black Friday (2019)

January Sales (2020)

September 2020

No of AF reports

No of AF reports

No of AF reports

Mobile phones

434

405

842

Vehicles

259

218

743

Electronic

238

130

382

Clothing

117

185

299

Animals (Pets)

0

11

127

Selling platforms Black Friday (2019)

January Sales (2020)

September 2020

No of AF reports

No of AF reports

No of AF reports

eBay

485

393

1212

Gumtree

359

260

560

Facebook

264

251

900

Depop

104

137

255

Shpock

74

85

233

How bank’s payment protection compares to PayPal Scenario

Bank & Credit providers

Your order doesn't turn up, Covered by Section 75 or it's not what you Consumer Credit Act or expected chargeback schemes

PayPal Covered by PayPal buyer protection

You transfer funds to another account, but you later discover it's a scam

Banks signed up to the APP Not always covered by code will reimburse you in PayPal buyer protection most cases

Your account is hacked and your money is spent without your permission

All banks must reimburse you as required by Payment Services Regulations

Source: Which Magazine Dec 2020

Covered by PayPal protection

What have these all got in common?

Loan Sharks • https://www.youtube.com/watch?v=iwkKKbSfftQ