Today we have a guest post from Cait Klein at Nerdwallet! NerdWallet is a personal finance website that is focused on helping people lead better lives through financial education and empowerment. When it comes to credit cards, insurance, loans or expenses like hospital costs, consumers make almost all their decisions in the dark. NerdWallet is changing that by building accessible online tools and providing research and experts that can’t be found anywhere else, all to balance consumer finance in favor of the consumer. They call it putting knowledge in your wallet.


No fraud

The holidays are a time of family, friends and fun, but for an unfortunate few, it’s also a season marred by fraud and even theft. Here are some tips to help you protect yourself while shopping online and at the store.

Online Safety Tips

  1. Shop smart: If you plan on making purchases online, only use secure websites with URLs prefaced with https://,  rather than http://. Think of the extra “s” as standing for safety.
  2. Bolster passwords: If it’s been a while since you last changed your passwords, now’s the time. Avoid using the same one across multiple sites so that if one gets hacked, others won’t fall as well. Make passwords a mixture of upper- and lowercase letters and numbers, along with symbols. For example MeRRyXmaS!* is a much safer password than MerryChristmas.
  3. Log out when done: After completing an online transaction, make sure to log out of the website and close the browsing tab instead of hopping directly over to another site. It may be tempting to keep multiple sites open at once to speed movement between them, but avoid creating this browser mall. For each purchase, open a new browser to ensure security.
  4. Watch for porch poachers: As online purchases are shipped, keep track of when the orders are set to reach your door. You can track packages online to make sure they don’t sit on a porch or step for hours, presenting a tempting target for thieves. Try to be home to accept deliveries, or ask a neighbor to grab them.
  5. Beware of identity theft: Personal information about tens of millions of people in the U.S. has been exposed by data breaches, mostly involving big retail chains like Target, Home Depot and T.J. Maxx. While taking precautions such as changing passwords can help you avoid becoming a victim, keep an eye on your accounts for any suspicious activity. Most bank, debit and credit card accounts can be monitored online and with smartphones as well as through mailed monthly statements. Financial services providers like Community 1st Credit Union often offer online and mobile apps to help you keep an eye on things. If you think one of your accounts has been compromised, report it to the account provider first, then file an identity theft report  with the Federal Trade Commission.
  6. Shop smart: If an online deal sounds like a holiday hoax, chances are it is. Be skeptical about closeouts, super discounts and terms that seem too good to be true.

In-Store Safety Tips

  1. Shop in numbers: The more the merrier—as well as safer. Shop with a friend or family member to help you avoid in-store predators. If you’re lugging more bags than you can easily carry, it can attract a thief who could grab a sack or slip something out of one unnoticed.
  2. Hide and lock: Keep purchases hidden from view in your vehicle’s trunk or covered cargo space, and remember to lock the doors. Bring along a blanket or extra jacket to toss over any purchases you must leave on a seat.
  3. Watch out: Heading to and from the parking lot, keep an eye out for sketchy characters hanging around, and keep your purse or wallet tucked inside a jacket. Danger isn’t everywhere, of course, but it’s better to be safe than sorry — and it never hurts to be alert to your surroundings.

Simple precautions like these can help keep you safe this holiday season, both online and in stores.

Cait Klein, NerdWallet

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