Consumers reported losing more than $5.8 billion to fraud in 2021.
Internet scams continue to be the biggest drain on consumers’ wallets. Many people lost money from a scam, and law enforcement agencies or their credit card companies did not reimburse most victims.
That’s why consumers should be aware of the most common scams and take measures to protect their digital footprint. If you are wondering what are the most internet common scams, this short and simple guide is for you.
Online Loan Scams
This type of loan scam is popular in the payday lending industry.
The scammer will offer a large sum of money, often thousands or even millions of dollars, but only if you pay a fee upfront. Once they receive your payment, they’ll disappear and leave you empty-handed.
Phishing Scams
These scams often start with a message that looks like it’s from the lender, asking you to click on a link or open an attachment.
Once you do, malicious software will install itself onto your computer and give scammers access to your personal information. If you’re not careful, a phishing scam can lead to identity theft and financial loss.
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Romance Scams
Romance scams target both men and women. The scammer will build rapport with you by sharing personal information and talking about your interests.
They’ll often claim to be working overseas or traveling for work, so you’ll never meet in person. The scammer will ask you for money because they’ve been stranded or arrested in another country.
They may also use this relationship to steal your identity and financial information.
Work-at-Home Scams
These scams typically come in the form of work-at-home job opportunities.
Scammers will offer you an easy way to make money, but they’ll require you to pay a fee before you start. The scammer will ask you for your credit card information or other sensitive information.
Once they have that, they will charge you for products and services that never arrive.
Ransomware Attacks
Hackers will infect your computer with ransomware and demand that you pay them a fee to unlock your device.
They may also threaten to publish sensitive information unless you pay up.
The scammer will then take your money and disappear. When victims report these crimes, it’s often too late for their money to be recovered.
Be Aware of These Types of Internet Scams
Internet scams are common and becoming more advanced by the day.
The best way to avoid getting scammed is to be aware of what’s happening in your online community. You should also take some time out of your day to learn about internet privacy, how to spot a scammer, and all the different ways they may approach you.
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