Online Frauds

Here are the Top Online Frauds You Need to Avoid [Updated 2019]

Let’s admit this, we all want to believe that the Internet is a safe place where everything is secured with technologies like Encryption, SSL certification, etc. but it’s always a good reminder to do a “reality check” as Internet is no more a secure place. Incidents like online fraud and hacking are growing and minds can reach these days further than before.

While there are many new techniques used by cyber criminals, even some of the older are still used and they actually work sometimes. The only way to stay secure is “Consumer Awareness”. With more information, consumers can stay away and secure from online fraud incidents.

Here, we have gathered some specific types of online (internet fraud) that are currently in operation and still used.

Email-Based Scams

It’s one of the oldest one, where the sender will claim that you have won a whopping amount in a lucky draw and you just need to share your bank details to claim the prize money. Once you share the details, some scammers would steal your money from the account while some would ask you for a small amount of money as a security deposit, which you never get back.

Work-At-Home Fraud

Working from home is the dream of many unemployed, physically challenged and housewives. But, some cyber criminals also capitalize on the dreams of these people by luring them with realistic-sounding work-at-home job opportunities. The applicant would just need to deposit a small amount of money for upfront order of required equipment before they get started, but these never arrive. Many would not believe that it falls under the cyber security issue, but it’s the simple case of online fraud.

Online Transactions

This is one of the most renowned and complex cyber frauds where your money is stolen directly from your bank account. These scammers use your personal details, which is stolen from insecure platforms where you use your credit or debit card. You would not even know when your details are stolen. The only way to stay secure is to use only secure shopping platforms. If you still become a victim, report a fraud with local authorities and the bank immediately.

Phishing Scam

Phishing is a cyber security breach trick where the cyber-criminals try to trick you into sharing personal information. You receive a call and the caller pretends to belong from your bank, requesting you to share your card details. Phishing is also done via emails or text messages.

To avoid becoming an easy target of these sneaky tech support scammers, it is recommended to keep yourself abreast about consumer awareness and the latest information. Additionally, you’d want to be sure that you’re only dealing with platforms that are using the latest technologies for cyber security.

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