London
23 December 2015
Reporter: Tammy Facey

£73 million will be spent on counterfeits at Christmas


A total £73 million could be spent on counterfeit goods on Christmas Day warns NetNames.

The domain name company predicted that over the festive period £360 million will be spent online, an increase of 7 percent compared to £337 million spent on fake goods over the Christmas period in 2014.

NetNames advised that consumers should check the domain of a website using who.is to check whether the details match the company, along with conferring with other consumers to check it is safe.

Gary Mcllraith, CEO of NetNames, said: “Consumers may be caught out by cybercriminals selling counterfeits at a seemingly attractive price online.”

“Consumers must, therefore, remain wary of ‘too good to be true offers’ for the must-have gifts. To avoid falling victim to the latest online scams, consumers need to remember that if the price seems too good to be true, it probably is.”

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