Online scams are a growing problem, with criminals constantly developing new ways to target unsuspecting victims. Here are seven common scams and what you need to know to avoid them:
1. Phishing Scams
These scams involve criminals sending emails or text messages that appear to be from legitimate organizations in an effort to trick you into giving up personal information such as passwords, banking or credit card details. Recognize these scams by looking out for misspelled words, generic salutations and requests to click on links.
2. Investment Scams
Investment scams promise high returns with minimal risk and are often targeted at older people. Be wary of anything that sounds too good to be true and always check the legitimacy of an investment before you part with your money.
3. Loan Fraud
Loan fraud involves criminals sending emails or text messages offering loans or other financial services at attractive rates, with the intention of stealing personal and financial information. Be suspicious of any loan offer that arrives unsolicited and always check the credentials of anyone you’re dealing with.
4. Identity Theft
Identity theft involves criminals obtaining personal information, such as names, addresses and Social Security numbers, and using it to open new accounts or access existing ones without your authorization. To protect yourself from identity theft, never give out your personal information online or over the phone unless you’re absolutely sure who you’re dealing with.
5. Mobile Phone Scams
Criminals may call or text you pretending to be from a legitimate company and offering a “free gift” in exchange for your personal or financial details. To protect yourself, never give out your credit card information over the phone and always consult the website of the company they claim to represent before taking any action.
6. Zhuageresi Scams
Zhuageresi scams are also known as Nigerian 419 scams and involve criminals sending emails or letters supposedly from an African prince or government official who requests that you send money in exchange for a large sum of money. These scams always ask for your bank details and should be avoided.
7. Work-at-Home Scams
These scams promise high earnings for minimal effort, but in reality they are just a way of getting your money without actually providing any work. Always research the company you’re dealing with and never pay upfront fees.
By being aware of these common scams, you can better protect yourself from becoming a victim. If something doesn’t seem right, always be sure to do your research before taking any action.
For more information on how to recognize and avoid common scams, contact your local law enforcement agency or consumer protection office.