Facts About Fraudsters and How to Avoid Being Scammed

Facts About Fraudsters and How to Avoid Being Scammed.
With invent of advanced technology in the 21st century, there has also been an increased rate of fraudulent activities especially on the internet which is one of the greatest inventions in modern era. The internet has undoubted been a game changer in the world of business, finance banking, e-commerce and other sectors, but it has also brought tears to many due to numerous frauds carried out daily via it.
Fraudsters cost great economies millions and billions of dollars each year, making the government of those countries spend a lot in cybersecurity. Victims have had to count their losses due to the psychological and emotional trauma they go through. There is need to create awareness about fraudsters and how they scam their unsuspecting victims.

What is Fraud? Fraud refers to the act of deliberately deceiving unsuspecting victims with the intention of getting unauthorized benefit for oneself. It is also the act of intentionally deviating of from truth with the aim of inducing a person to part with something valuable or surrendering one’s legal right. Examples of fraudulent activities are;

  • Forging or changing pf legal documents
  • Embezzlement
  • Fraudulent financial activities
  • Internet fraud
  • Email compromise fraud etc.
  • Romance scam
  • Investment scam

Facts about fraudsters

  • They pretend to be from popular organizations Fraudsters always claim to be representing a popular organization, the government or make up a name when contacting you via email or through phone calls. They can make use of advanced technologies to change the phone number’s caller ID or clone official email address to make it look real. They usually pose as customer care agents bringing false claim about your bank account, with the aim of getting personal information about your account.

Others can pose as recruitment agents from well-known government agencies, companies, NGOs, etc.

  • Fraudsters there is a prize to be won or an issue to resolve

They claim your account is being compromised and want to help you resolve the issue where as they are the ones trying to scam you.

They can also request you to deposit certain amount of monies to claim an in existing prize like money or consignment.

  • Fraudsters coerce you to act immediately

Fraudsters don’t give you opportunity to think before you act. If they call you on phone, they prolong the conversation so you don’t hang up on them to confirm their claims. They send you threats of you being in danger, a member of your family having an emergency or threaten you will be arrested if you don’t give in to their demands.

Fraudsters tell you to use certain payment methods

  • They tell you to use certain payment methods, like fake company agents, through cryptocurrencies like Bitcoin, Ethereum, etc. Some will tell you to use the money in purchasing gift cards then send them the picture or codes of the card. Others will send you fake checks with fraudulent money in it, ask you to make deposit of it and withdraw the money and send to unknown accounts.

The aim of using these payment methods is so they can’t be traced or discovered after scamming their victims.

  • How to avoid being scammed

Always resist the pressure to act in a hurry: when you are contacted by online customer agents, always try to confirm their claims before giving out useful information. Genuine agents will always you take your time to make your decisions, and won’t coerce you to give personal information or make payments.

  • Always block unwanted text messages or calls.
  • Don’t give personal information or financial information to unexpected requests.
  • Be conversant with various methods scammers use in scamming their unsuspecting victims.
  • Stop and open up to someone you trust about what is going on.
  • If you fall a victim of scam, report to the appropriate authorities to avoid future occurrence.

Conclusion. There are chances you will always come across fraudsters as you go about your activities especially on the internet. Intimating with vital information on how to avoid being scammed may help you be at alert to suspecting scammers and hence you wont be a victim.

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