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Online Scams How To Avoid Getting Fooled

Scams prey on people online in several common ways. The bank/credit card email scam tricks victims into providing login credentials on fake websites. The missing millionaire scam promises large sums of money if victims share their bank details, only to steal funds. The make money fast scam initially pays victims to build trust before cleaning out their accounts. All these scams aim to steal login credentials or drain bank accounts, so people should be wary of any opportunity that sounds too good to be true online.

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429 views1 page

Online Scams How To Avoid Getting Fooled

Scams prey on people online in several common ways. The bank/credit card email scam tricks victims into providing login credentials on fake websites. The missing millionaire scam promises large sums of money if victims share their bank details, only to steal funds. The make money fast scam initially pays victims to build trust before cleaning out their accounts. All these scams aim to steal login credentials or drain bank accounts, so people should be wary of any opportunity that sounds too good to be true online.

Uploaded by

Rhelbam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Online Scams How To Avoid Getting Fooled

Beware of the three ways of getting fooled into giving up your money through seemingly innocent
money-making schemes. Scams are all around us and it can be found in every single area of life,
but more so in such areas where the risk is greater such as when dealing with credit cards, bank
accounts and other activities which involve sending or receiving money online.

The Bank/Credit Card Email Scam:

If you get an email asking you to sign up to your bank account or credit card through the email
because your privacy is under danger or just to receive a free gift or something: BEWARE! Do not
sign up through the internet address provided in the email. If the email does make you anxious,
go to the bank or credit card site using the address you know already or through searching the
search engines.

How Does This Scam Work?

The senders of the email know that only a very few will sign up but that is all they need. When
you signed up to the bogus internet address, they got your user and password. Now its time for
them to party!

The Missing Millionaire Scam:

If you receive an email saying that they represent a dead or missing former ruler, high-ranking
official or businessman from an African, Gulf or even Russian: BEWARE! They offer you a chance
to earn anything between one to five percent of ten to fifty million. And for your co-operation only.
Don’t get sucked into this, for though they speak of giving you money, they will receive cash and
from your account.

How Does This Scam Work?

They will ask you for your bank details in order to transfer the cash and then they will use that to
transfer a small amount. Now, once you trust them, they will ask you for more personal and
secure details because they “need” that to transfer the entire sum in and out of your account.
What they won’t tell you is that they will transfer all the money out from your account: theirs and
yours.

The Make Money Fast Scam:

This is the most innocent of the lot, but that is also why it is the most dangerous. These are so-
called companies that advertise that if you only sign up and use their system, you will mint
money. Please do not fall for such schemes. They will pay you some money but then once trust is
built, they will fleece your bank account. Remember that quick money scams are the surest and
fastest way to lose all your money!

Whatever you do online, always remember that the internet is not a safe place. Treat it like you
would treat any other business venture and bring up your guard. If you play it safe and check out
the companies before committing, you will be able to guard yourself against losing money to
crooks.

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