Online scams and their prevention

An Internet scam or online scam is a fraudulent or deceptive business scheme. It’s very rampant these days. Be careful when using the Internet. Do not be vulnerable to such cunning schemes. To be informed.

Here are some of the most popular Internet scams:
Nigerian scam or 419
This scam came from a Nigerian family. He was first known as “The Spanish Prisoner” in the 1920s.

The Nigerian scam tricks victims into doing business with them, with the promise of high returns. It operates by first sending out a letter of proposal, attracting readers to a very lucrative business. You will then be required to pay them a certain amount as an investment. But you will never receive the money they promised.

Loan advance or guaranteed credits
In this type of scam, the victim is asked for a certain fee up front in exchange for a secured loan. Be careful not to fall for those tricks. There are no upfront fees when applying for loans. Also, why would a stranger entrust you with credit? It is better to resort to well-known and reputable lending institutions.

lottery scam
Lottery scams usually come in emails. They will say that he won millions in a random lottery draw. Before you can claim your prize, you will need to pay certain processing fees. You will never get the prize after your payment.

Think carefully before you fall into the trap. Did you ever join any lottery contest in the first place? Why do you have to pay certain fees before you can claim your prize?

Sale Overpayment Scams
These scams often occur during online shopping. As a seller, someone will contact you offering to sell your products at a premium. He will ask you to send him your product plus the premium price (your selling price minus your selling price). The money order he will send you is fake.

employment scams
These scams frequently occur during online job applications. In the application process, you need to provide some of your important personal data. Scammers may locate you at home to steal or withdraw all your money from your bank. Always check the background of the company, especially if it is online. Your carelessness can not only make you lose money, but also cost the lives of your loved ones.

These are just some of the popular online scams. Day by day, scammers will always find new ways to trick the ignorant and misinformed. Always worth knowing. Be wise and smart in your online transactions.

Here are some suggested ways to avoid being scammed:

or think twice if you are asked for an advance payment before joining
or avoid Ponzi schemes
or avoid pyramid schemes
o study how the deposit system works
o Use an escrow service as much as possible