The Top 4 Online Scams and How to Avoid Them

The internet has revolutionized the way we live, work, and communicate. However, along with its many benefits, the online world also presents numerous risks, and online scams are one of the most prevalent forms of cybercrime. From investment schemes to tech support scams, online scammers use various techniques to prey on unsuspecting victims and defraud them of their money or personal information.

Many people report scams online at FraudTrac, and because of that, we have the latest information on common online scams; let’s look at some:

Online Shopping Scams

With the rise of e-commerce, online shopping scams have become rampant. These scams often involve fake online stores or sellers who advertise products at incredibly low prices to lure unsuspecting buyers. However, once the payment is made, the products are never delivered, or they’re counterfeit.

To avoid these common online scams, always research the seller or store before purchasing, read customer reviews, and be wary of deals that seem too good to be true. Moreover, secure payment methods, such as credit cards or PayPal, offer buyer protection in case of fraud.

 making a credit card payment

Investment Scams

Investment scams are common online scams and promise high returns with little or no risk, but they’re schemes to defraud individuals of their money. These scams can be in the form of fake investment opportunities, pyramid schemes, or cryptocurrency scams.

To avoid falling for investment scams, always do thorough research before investing, verify the credentials of the investment firm or individual, and be skeptical of overly optimistic promises. In addition, never invest in something you do not fully understand, and be cautious of unsolicited investment opportunities.

Romance Scams

Romance scams prey on individuals looking for love or companionship online. Scammers create fake profiles on dating websites or social media platforms and build emotional connections with their victims to gain their trust. They then ask for money for various reasons, such as medical emergencies or travel expenses, but never intend to meet in person.

To avoid this common online scam, be cautious of individuals who profess their love too quickly or ask for money, and never send money to someone you haven’t met in person. Always use caution when sharing personal information or intimate details with someone online.

a woman falling victim to a romance scam

Tech Support Scams

Tech support scams involve scammers posing as technical support representatives from legitimate companies and tricking individuals into giving them remote access to their computers or paying for unnecessary services. These scams often start with unsolicited phone calls or pop-up ads claiming the victim’s computer has a virus or other issues.

To avoid tech support scams, never give remote access to your computer to unsolicited callers or click on pop-up ads claiming computer issues. Legitimate tech support will never ask for payment in gift cards or demand immediate action.

Report Malicious Activity Online

If you want to file complaints about fraud or report scams online, FraudTrac is the place to come to. We have an online cyber-attack tracker that records frauds, scams, and other malicious activities to ensure you remain safe. You can also file and track your complaint.

Get in touch with us today to report malicious activities to protect yourself and others around you.

 

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