What is Online Scam? different types of internet scams
An online scam can be defined as a fraudulent activity or an unethical action which can be used to make money from a random person by tracking their online activities. Scammers use different types of technique to trick you into giving over confidential information so that they can steal your personal and confidential data online also known as online data breach. Generally, it happens by sending a fake e-mail into your mailbox to get your financial data like online banking credentials, credit card information, Bank loan details etc. It is an unfortunate reality, but whenever you use the internet to get online, you have to be on your safeguard mode.
Below, I am going to share some of the major online scams, that you would need to be aware of while going online.
1- Phishing Scams:
Phishing is a well known cyber scam, which is tricked by hackers or cybercriminals to get your confidential data online. Phishing can be done by sending a fake email to your mailbox, that appears to be from a legitimate company or organization asking you to provide confidential and sensitive information. These type of emails contains a suspicious link that takes you to the companies website where you are asked to fill in your information – however the website is a clone of the original source, which directs your sensitive data straight to the cybercriminals behind the scam.
2- Auction Fraud:
Auction fraud is an online scamming technique, generally works by misrepresentation of a product advertised for sale through a fake auction website. In this online fraud, people end up purchasing a non-deliverable product by making an advance payment for the purchase. Nowadays, online auctions have become a very popular way of online trading. However, scammers or fraudsters are taking advantages of these online auctions to build a trust value between customers to sell them a poor-quality product or non-existent items.
3- Prize Scams:
You’ve just won $1,000! Or $10 million or maybe it’s a precious diamond ring or an iPhone-X! Great deal right?
Prize scams attempt to trick customers into believing that they have won a large amount of cash price, iPhone or Ipad, laptop, Xbox etc. These scams can be delivered through online websites, over the phone call or by sending an email to your mailbox. The only thing that you need to do is to provide your credit or debit card details, in order to make a payment for home delivery and handling charges. Which is the result, you never receive any prize or item and some mysterious charges start showing up on your transaction details.
4- Online Banking Scams
Today internet banking is widely used to check the bank account details, make purchases, pay online bills, transfer funds, print banking statements etc. Scammers are taking advantages of these online banking facilities by using various techniques to steal your online banking details and of course your money. Online banking scam is one of the biggest financial scams going over the internet nowadays. Scammers are clever enough that, they let you provide them your credit card details over the phone calls, even via email or using mobile text messaging system.
5- Online Dating and Romance Scams
There are a lot of dating sites in this world running over the world wide web, while some of them are legitimate and some are non-legit websites. Scammers are taking advantage of these dating sites, mobile apps or social media to target a person looking for romantic partners, by pretending to be someone who is interested in their prospective victim. These online scammers play on emotional triggers to let you provide money, gifts or personal details. They may even ask for photos or videos of an intimate nature of yourself.
So, how you’re going to protect yourself from these online scammers?
“Be aware of these scammers and online fraud to protect your sophisticated data and online privacy over the internet, because they want what you’ve got. Don’t give it to them.”