Avoiding Scams

small business ideas, data analysis

Avoiding Scams

Scammers around the globe have been making the common audience prey to scams. And now, as everyone around the world is making a swift shift to the online platform, the frequency of frauds is increasing around the globe. Not only online, but scammers use different tricks to trap people on every public platform. Every day we come across new types of scams, and obviously, even educated people may fall prey to such scams. To avoid the latest scams, you should be news-focused and aware of all the new scams. 

Generally, scammers lure you and create a situation where you have won a prize/lottery. They may use any method to make you fool and take money from you on behalf of other service providers. Keep reading to know more about scams and the ways to avoid such scams. 

Necessary signals indicating a scam

Here are the most necessary signals that a scammer usually uses in order to lure you: 

Scammers try to win your trust.

Scammers always talk over the phone and try to gain your trust. They may suggest you call on the number they provide. Moreover, they impersonate a well-known business person, well-wisher, service provider, or anyone you trust. They pretend to be from an organization you know. Therefore, you listen to them carefully and trust what they say.  

Trap you with unexpected prizes

Scammers always have their plan ready to trap you. For example, they may call and inform you that you have won a prize/lottery. In addition, they demand some money to clear or to transfer the amount. If they don't ask for money, they talk about your complete bank account details and fraud you by gaining OTP or confidential bank information. 

Sometimes they threaten you.

Scammers pressurize you to be on the call until they disconnect. They might threaten to arrest you. In addition, they may give you a fake check and take some money in return.

How to avoid a scam

Here are some steps or tips you can follow to avoid scams:

Block all unwanted calls and messages: Unwanted calls and messages are sent to trap you, and you can avoid them by blocking them. 

Never share your confidential information: Scammers win your trust and ask for your personal or account details. They may pretend to be from a bank, a school, and any government official. 

Identify the suspicious conversation or activity they ask to do: Any businessman that pressurizes you to make an immediate decision might be a scammer. Avoid talking to such businesses. 

Avoid paying through a gift card or money transfer service: Scammers always insist you pay by using a gift card or money transfer service. 

Avoid clicking on malicious links: Some links take you to other websites and ask for your personal information. Check for the link; a legitimate website uses HTTPS and not HTTP. But this is not enough to find a malicious link. You should stay away from unknown links. 

Huge discount or too attractive pricing: Always mind the pricing and research the pricing of a product if a website is offering a vast/unexpected discount. Don't buy from any unknown websites without researching.

 

Frequently Asked Questions

  • How can we know of an email scam?

    Check the sender's email address; it may be a scam if you find an unexpected symbol after @. In addition, a scam email might have spelling and grammatical errors; it might have a malicious link.

  • In what ways do scammers cheat while shopping online?

    Scammers have their fake websites, and they keep sending website links, and you see the products on their website. However, when you buy and make a payment, you do not receive the product. In addition, malicious links take your personal information. 

     

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Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.