Shoppers are being warned to watch out for scams as they buy their Christmas presents online this year.

Black Friday and Cyber Monday 24-hour sales are set to go ahead on November 26 and 29, with the Australian Retailers Association expecting Australians to spend more than $5 billion in four days.

But after having lost $4.8 million to online shopping scams this year already, Australians are being urged to be cautious with their festive buying.

KnowBe4 security awareness advocate Jacqueline Jayne said the actual amount of money lost to online scams could be “triple” what’s reported.

“Because people’s … ego comes into play, they don’t want to let anyone know they’ve been scammed,” she said.

Ms Jayne told The New Daily one of the main reasons people lose money to scams is a lack of awareness.

She said young people are particularly affected by a lack of education, with data from ScamWatch and…

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