The summertime peak of cyberscams and how to avoid them

Summer is nearing, and with it, much-anticipated holidays. Many people take advantage of their time off to go on a trip or getaway, or to do special activities. This results in an increase in flight and hotel bookings as well as reservations or ticket purchases for other activities, shows, museums and tourist attractions.

Data shows that an increasingly higher percentage of these reservations are made using a mobile device. But the increase in the number of online transactions made using a mobile device brings with it an increase in fraud committed during this time of year. For that reason, even though many businesses have already incorporated systems to avoid identity fraud, for many others it is still a pending matter.

What to keep in mind if you own a business

  1. First of all, it is essential to incorporate a digital identification system that allows you to reliably confirm the identity of the user who is making a purchase or reservation. Identity theft is one of the most common cyberscams, and at the end of the year it results in substantial losses for many companies.

  2. Trust is the key for exchanging information and maintaining client loyalty. Companies that implement the latest technology and security trends have an added level of reliability and increase the loyalty of their users.

  3. Don't sacrifice security for efficiency, because you no longer need to. There are digital security solutions that are highly effective and provide an easy and comfortable user experience.

What to keep in mind if you are a user

  1. Do not download apps from any website, only download official apps from your app store. Cybercriminals use fraudulent apps to gain access to personal and banking information that may be saved on your mobile device.

  2. Be cautious when connecting to public Wi-Fi, it is recommended that users limit the amount of sensitive information used when a connection is made using Wi-Fi at public places such as an airport or a café.

  3. Do not buy tickets. from third-party websites that are not trusted. It is preferable to purchase tickets on official websites or from authorised vendors.

  4. Avoid storing personal information on your mobile device, such as your name, passwords and banking information. Even though it may mean devoting a little more time to making transactions, storing personal information on your mobile device is one of the main elements that contributes to security breaches.

Security in mobile transactions is one of trends this year, but we are still far from the complete implementation of safety measures. This summer, with the expected increase in online reservations and transactions being made using mobile devices, we recommend that both businesses and users increase precautions so that going on holiday doesn't become a nightmare. It's time to enjoy it!

Sources: ICAR, ThreatMetrix and Kount.