How to identify fraud or scam on the internet (Part 3)

11) Investment fraud

This scam involves promises of high profits or secret “certified” tips that will earn you large sums of money. Fraudsters use different strategies to attract money from victims, for example, a pyramid scheme, unsolicited calls or a pump and dumps scheme, which involves manipulative stock market appreciation followed by collapse.

Attackers will compulsorily offer to increase their initial investment tenfold, in addition, scammers can impersonate a representative of a real investment company. Although the investment is real, the recipient of the money will not invest it. In any case, only cybercriminals benefit from this scheme.

First of all, it must be remembered that there is no guaranteed investment or method that will help you earn a large amount of money quickly and effortlessly. If you receive this offer, you should find more information about it and the company it is associated with. Even if the investment and the company are real, it is necessary to verify the identity of the person proposing the business.

12) Use of popular names and brands

“WhatsApp will be paid”, “IKEA gives discount coupons”, “Apple raffles 100 unopened iPhones” … Who hasn’t seen any of these messages, on multiple channels, at any time? The use of famous brands and well-known names within the technology is also characteristic of online scams. And it is one of the first things that should arouse the distrust of the recipient.

13) You rely too heavily on massive-use services or platforms

It is not a question of distrusting everything, but of being informed about the attack vectors used by cybercriminals. Not everything we see on social media is legitimate. In fact, on these platforms, cybercriminals create fake accounts trying to impersonate legitimate companies and even carry out advertising campaigns with false promotions (malvertising) that try to get users to click on a link and then steal their data.

Something similar happens with ads displayed on Google’s advertising network, which has been used by cybercriminals to spread malware. In fact, Google has released a guideto avoid this practice, in which it also offers recommendations for users and advertisers.

14) Direct to emotions

Another characteristic of these frauds is that, in general, they appeal to the feelings of those who read: puppies that will be sacrificed if no one adopts them, a child whose cancer treatment will be financed with each message sent … These are stories that try to play the sensitive chord of person who receives them to make you fall into the trap. Again, it is advisable to be careful with these types of messages.

15) Get ready before you shop online

Being prepared in advance to make our purchases online and thus avoid scams, implies several aspects that we must keep in mind. It is best to take the time to make sure that we keep all of these aspects up to date and not rush to make decisions that we can regret later.

  • We recommend reading Scam Me If You Can, where Frank Abagnale reveals the latest tricks that scammers, hackers and con artists use today to steal your money and personal information using the Internet. Observation Frank Abagnale is one of the most respected authorities in the world in terms of fraud, forgery and cybersecurity. Click the button below or the link to view the book

  • Attention we divided this publication in 3 parts, so it doesn’t get too big. If you want to see the others just click on one of the buttons below.

We are very grateful to have your precious attention. I ask you to follow us on our social networks and spread this publication so that it makes a difference in the lives of many people.

bruno costa