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Centrify warns of last-minute Xmas gift risks

News release: November 28, 2016

Centrify warns of last-minute Xmas gift risks

Centrify, the leader in securing enterprise identities against cyberthreats, has issued a safety checklist to help consumers reduce security risks as they rush to buy Christmas gifts online at the last minute.

As online shopping becomes the norm due to convenience, the recent Centrify 2016 Online Shopping Survey, an online study commissioned by Centrify, found that one in eight respondents said they would accept discounts and special offers from retailers in exchange for their passwords, highlighting the risks consumers are willing to take in order to save money online.

Disturbingly, the Australian Payments Clearing Association has reported that Card Not Present fraud – typically where credit cards are used for online purchases – jumped by 21 per cent last year.

With this Christmas shopping season well under way, Centrify has issued 10 tips for online shopping safety to help consumers recognise security risks and ensure they shop online in safety.

Centrify Senior Director APAC Sales Niall King said a recent Centrify Online Shopping survey showed many consumers still make basic security mistakes. “Nearly 14 per cent admitted they share passwords with friends and family so they can login to their accounts,” he said.

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“Other problems with password hygiene include more than 50 per cent reporting they save passwords to the retailer’s websites so as not to forget them. More than half also admitted they sometimes reuse the same password for different retailers’ websites.

“A very disturbing finding is that one in eight respondents said they would accept discounts and special offers from retailers in exchange for their passwords, highlighting the risks consumers are willing to take in order to save money online.”

Niall King said discerning shoppers needed to put their online safety first rather trying to save a few dollars from their Christmas shopping list. “Ignoring online security risks giving cyber-crooks the best Christmas gift they could ask for – your identity details and money,” he said.

Below are Centrify’s top 10 tips to protect consumers when shopping online:
1. Resist temptation: Deals that look too good to be true often are, so treat them skeptically
2. Secure your mobile phone with a password and encryption if you plan to use it for shopping
3. Always buy from reputable retailers and enter web addresses carefully. A misspelled domain name or non-‘https’ site could lead you to a false site designed to steal your details
4. Suspect links in unsolicited emails: Always type hyperlinks directly into your browser rather than clicking on them within the email. Hovering your cursor over a hyperlink should identify if it’s dodgy by showing if the embedded link differs from its displayed text
5. Reject requests by online retailers for extra personal information, such as a password for your email or bank account as part of the shopping process
6. Use unique, complex passwords (or passphrases) for each site. Using the same password for multiple sites is a gift to the hacker who steals your password for one account and can get into the rest – with devastating consequences where sites store your personal and credit card details
7. Keep your passwords private: Passwords lose their power if you share them, so never give out your passwords online, on the phone or even to friends or family!
8. Do not store passwords. Many browsers, programs or web applications offer to store your password for convenience. This is a bad idea, especially for passwords associated with personal or financial accounts or if you use public or shared computers
9. Enable multi-factor authentication where possible. This involves combining two or more different ‘factors’ for extra security when logging in: Something you know (e.g. password); something you have (e.g. an ATM card or smart card); or something you are (e.g. a fingerprint or retina scan).
10. Review each site’s privacy policy to learn how and where your personal information is being used. Treat a missing or buried privacy policy as a red flag against using that site.

© Scoop Media

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