Black Friday Scams Put Maryland Shoppers on High Alert

Maryland ranks fourth in the nation for Black Friday scam risk. New research reveals the state’s residents face a significantly higher threat of shopping fraud. This warning comes just before the busiest retail weekend of the year.

The analysis is based on three years of Federal Trade Commission data. It shows Maryland’s fraud rate is well above the national average. Consumers are urged to be extra vigilant with their holiday spending.

Alarming Fraud Statistics for the Free State

According to the research, Maryland sees 176.87 fraud reports per 100,000 people each quarter. This is 25% higher than the U.S. average. The financial damage is also more severe for local victims.

The average loss per fraud report in Maryland is $595.85. That figure is 14% higher than the national average. Over three years, the state recorded over 130,000 fraud reports.

Common Scams and Essential Protection Tips

Experts point to several prevalent tactics used by criminals. Fake retail websites and counterfeit social media ads are major threats. Phishing emails pretending to be from shipping companies are also widespread.

Paul Mertens, CEO of Winna, emphasized the need for caution. He advised shoppers to stick to trusted, well-known retailer websites. He also recommended using credit cards for their superior fraud protection.

Shoppers should avoid clicking on unsolicited links in emails or ads. Immediately report any suspected fraud to your bank and the FTC. Changing compromised passwords quickly is also critical.

Staying alert is the best defense against these financial threats. Maryland shoppers must prioritize security to protect their wallets. Understanding these Black Friday scams is the first step toward a safe shopping season.

Info at your fingertips

What is the most common type of Black Friday scam?

Fake retail websites are extremely common. Scammers create convincing copies of real stores. They steal payment information and then disappear.

How does Maryland’s fraud rate compare to other states?

Maryland has the fourth-highest risk in the nation. Only Nevada, Colorado, and Delaware ranked higher. The state’s fraud rate is 25% above the U.S. average.

What is the safest way to pay online during Black Friday?

Credit cards are the safest payment method. They offer strong fraud protection and dispute resolution. Avoid using debit cards or direct bank transfers for online deals.

What should I do if I think I’ve been scammed?

Contact your bank or credit card company immediately. Then, file a report with the Federal Trade Commission. Change any passwords you may have entered on the fraudulent site.

Why is the risk higher during Black Friday?

Scammers exploit the rush for limited-time deals. Shoppers are often less cautious when they see big discounts. The high volume of online traffic creates more opportunities for fraud.

Trusted Sources: Federal Trade Commission, Winna Research