In the News
Online gaming scams can plague user finances. In Fame of Fortnite’s DJ Marshmello Opens Door for Scams, Kacy Zurkus at InfoSecurity Magazine discusses how users hoping to attend a virtual concert hosted by the popular video game, Fortnite, scammed users into purchasing tickets and VIP experiences despite the show being free. Zurkus explains that the show for the highly popular DJ Marshmello was a huge success despite the scams and that if these types of online live concerts are to continue, security must be taken into account to minimize the damage of such malicious financial scams.
Our Take
Fortnite’s popularity increases daily, and its innovative user experiences are a significant contributor in its success. However, with such innovation comes security risks. The live-concert hosted on the gaming platform was a first, which allowed for scammers to capitalize on user’s excitement and naiveté regarding the financial aspect of the concert. It is understandable how some users did not question paying for a ticket to the show or paying more for a VIP experience because this is the traditional transaction for an in-person concert. With new digital experiences and gaming or application purchases, it is crucial that users consider the legitimacy of what they are willing to shell out money. These scams may just be aimed to steal user money, but others may try to steal financial payment information which could have lasting effects. Additional precautions is necessary on the user end to reduce the success of these scams. However, it is also essential for applications and platforms such as Fortnite to emphasize security moving forward with new initiates and experiences.
Recommendations
How can you protect yourself from falling prey to a financial scam?
- Minimize the number of accounts that have direct access to your bank account or card numbers
- Only participate in a transaction from reputable and trusted sources
- Report fraud charges or suspicious activity immediately
- Research all purchasable items before making a payment to verify they are legitimate
- Check your email, financial accounts, and credit reports regularly for abnormal activities