As the Year of the Dragon ushers in the much-anticipated Lunar New Year, the air is filled with excitement, joy, and the promise of new beginnings. This festive season traditionally brings about a surge in spending on gifts, shopping, leisure, and various celebratory activities. However, amidst the vibrant tapestry of traditions and celebrations, it’s crucial to be vigilant, for the festivities also serve as a breeding ground for scammers eager to prey on unsuspecting individuals.
Tenable’s Senior Staff Research Engineer, Satnam Narang highlighted the potential risks during festive periods, stating, “It is easy to let our guard down during festive periods, but that is precisely when scammers tend to come out in droves. It is important to remain vigilant and take appropriate precautions to avoid falling victim to fraudulent activities during our celebrations.”
The Year of the Dragon, considered particularly significant, adds an extra layer of importance to the festivities, making it an opportune time for scammers to orchestrate their schemes and reap a windfall.
One common avenue for scams is through fake online shops offering popular festive treats such as bak kwa or pineapple tarts. Scammers lure consumers with attractive deals, demanding upfront payments, and then failing to deliver the promised goods. Be cautious of unfamiliar online establishments requesting personal information, as these scams aim to collect sensitive details for potential fraudulent activities.
The age-old tradition of red packets or monetary gifts during Chinese New Year becomes a potential target for impersonation scams.
Scammers may pose as relatives or friends, reaching out for financial assistance or requesting red packets. Stay alert to calls from unknown numbers and verify the identity of anyone seeking personal information or financial aid.
Phishing scams, where individuals are tricked into providing personal information or making payments to malicious entities, also escalate during the holiday season. Businesses, with leaner teams or extended breaks, may be more vulnerable to cyberattacks. IT teams are advised to communicate these risks promptly and ensure preparedness to prevent potential breaches.
As we revel in the festive spirit, it is crucial to strike a balance between celebration and caution. Embracing the traditions of the Lunar New Year while staying vigilant against potential scams ensures a joyous and secure celebration for all. Remember, a mindful approach and awareness are the best safeguards against the pitfalls that may lurk amidst the glow of lanterns and the warmth of family gatherings.
