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ONLINE SCAMS
Online scams are fraudulent activities that occur online with the purpose of deceiving people or organizations into providing them with money, personal data, or sensitive information. These are the most common online scams..
1.Phishing: which is when someone sends you an email, message, or website that appears to be from a trusted source, such as a bank, government agency, or reputable company. The purpose of phishing is to get you to provide sensitive information, such as login credentials or credit card numbers.
2. Nigerian Prince or 419 scams, where the scammers pretend to be wealthy people or a foreign government that needs help transferring money out of the country. The scammers ask for an upfront fee, but the money never arrives. Another common online scam is online auction fraud, where they list fake or nonexistent products on a marketplace or auction site and then ask for payment before the goods are delivered.
3. Online auction fraud: is when a scammer lists fake or nonexistent products on an online marketplace or auction site. The scammer asks for money upfront and then disappears without delivering the products.
4. Tech Support: scams are when a scammer impersonates a tech support agent from a well-known company such as Microsoft or Apple and contacts victims by phone or through a pop-up message on their computers.
5. Romance scams: are when a fraudster creates a fake online dating profile to create a romantic relationship with a victim. Once a relationship is established, the victim is asked for money for a variety of reasons such as medical expenses or travel expenses and then the scammer disappears.
6. Investment scams are when the scammer tells victims that they will get a high return on their investment in stocks, crypto, or any other financial opportunity. However, the investments are often fake and result in financial losses.
7. Lottery: Scammers tell victims they won a lottery or a prize and ask for a fee or personal information to claim the winnings. There is no prize and the scammers make money off of the fee or identity theft.
8. Fake Jobs: Scammers offer fake jobs that promise easy money to work from home. You may have to pay an upfront fee for training materials or access job listings that do not exist.
9. Cybercriminals use ransomware attacks to encrypt a victim’s files or computer and demand a ransom for the decrypt key. If you pay the ransom, you don’t get your files back and encourage other criminals to do the same.
10. Charity scams: Fraudsters create a fake charity or disaster relief organization. They ask for donations to help with a natural disaster or a crisis, but the money never goes to the charity.
How to protect yourself from online fraud:
1. Be skeptical:
Always ask questions about unsolicited requests for money or personal information.
2. Check source:
Double-check the legitimacy of emails, websites, and phone calls by independently verifying their authenticity.
3. Use strong and unique passwords:
Regularly update and strengthen your passwords and avoid using the same password for multiple accounts.
4. Always update software:
Make sure your operating system, browser, and security software are regularly updated to protect against vulnerabilities.
5. Find out:
Stay informed about common online scams and tactics used by scammers.
6. Report a Scam:
If you encounter fraud or suspect fraudulent activity, report it to local authorities and relevant online platforms.
Remember that scammers are constantly evolving their tactics. Therefore, it is essential to stay vigilant and stay informed to protect yourself against online scams.
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