Cyberscam, a criminal’s way to the internet. Most of us frequently heard in the news about different ways on how people with ill intent use the cyberspace in victimizing other people. Every authority in each country including big tech industries are continuously battling this menace in our modern society. What startling is that criminals are always coping up with new strategies to bypass the system and doing the same thing again and again.
One way of the easiest and cheapest way of combating these illegal activities is through updated information dissemination.
Being informed with the latest ways on how cyberscam works could save you from one of their prey.
We gather some of the latest types of cyberscam. We include some scenario for you to get an idea of how this scam works. Some were not a knew but it will serve as a reminder that being informed is the best way to avoid this type of activities.
Lottery Winner scam
Receiving an email stating that you’ve just won a huge sum of money in a lottery makes you feel shocked followed by unexpected happiness. That’s a normal human reaction. But wait. Ask yourself first. Did I make a bet? Where is the winning number? If you fail to do this checking and really wanted to believe that you won, then you are one step closer to the bait.
The scammer will first establish a contact with you like asking for your phone number to verify your identity and some personal details. They may even try to call you using fakes identity, introducing themselves as Lottery board member or just as customer representatives from a lottery office for a congratulatory message just to convince you more. The next thing that you will hear from them is that they need a processing fee to release your prize. In this stage, you are really frustrated and will do whatever it takes to get the prize. You will send them the processing fee which might range from a hundred pesos (or other currency) up to a thousand. Then they will instantly disappear together with your money.
The process may take different style but the goal is still the same. To exploit your emotion and get a cold cash from your hard earned money.
What to do: Do not entertain email with this message. If you are a lottery fanatics, always check result on television as well as newspapers.
This method is used with a bit of sophistication by adding malicious codes on email to control your device and send vital data to its origin. Another case is that they will send a message with urgency like changing your password to avoid being hacked. They will then provide you with a malicious or copycat link like www.facebook.xyzss instead of www.facebook.com. With this technique, the scammer may trick you to provide your login credentials. The scammer usually uses social media platform, banks, emails look-alike website to get login credentials as well as vital information. Information from this cyberscam will then usually sold into the dark web or can be used to blackmail the owner.
What to do: Avoid opening spam email as categorized by your email providers. They are expert in this. Always check the source of the mail. You can easily do this by creating a reply for the receiver to appear above the mail. Use third level verification process(codes sent to your mobile number)
The Nigerian Scam
Its name was sourced from the country of origin. I felt sorry for the people of Nigeria as their names are being dragged infamously in this cybercrime. This is one of the oldest forms of cyberscam. The scenario often runs like this. You will receive an email out of the blue from a rich dying person with no heir and you are so lucky that he chooses you as his/her sole benefactor. You will then be asked to open a foreign bank account for the wealth will be transferred to you. It will be processed by the lawyer or representative of the said rich person. He will ask for a processing fee, tax and other charges for this transaction to proceed. Since you are talking about millions of dollars here, a hundred or couple of thousand dollars seems justifiable.
What to do: Just ignore and delete the email.
Easy Online Money Scam
They may come either via email or via a website. The scammer usually offers a huge sum of money in a short period of time. They will reinforce this by providing fake reviews and statement from the previous user who earns a big chunk of cash using their system. Sometimes scammer provides a small return as proof of income. It exploits those who are financially in need of cash in short span of time.
What to do: Verify the legality of these transactions. Ignore the tempting offer. Scams are scams and they will never change face one way or another.
Fake Job Scam
This usually comes with a nice job offer with high salary and lots of benefits. The scammer may find your submitted application or CV online and use this to guess something about you like your preferred job or experience. It’s the same as other scams that they will require you to send a sum of money as a processing fee. What makes this scam worst is the majorities of their victims are jobless and even need to borrow money from someone else.
What to do: Verify the authenticity of the company as well as the job offer.
Scammers will send you a shocking message. They will kill one of your loved ones once you fail to provide them with cash or something. And it comes with a time limit. Chilling right? They will use intimidation and fear tactics to make you believed that you are in the real situation. The scammer may use vital information internet especially to describe your loved ones.
What to do: Maintain a constant communication with your loved ones. In real life scenario, criminals often kidnap someone in order to get a ransom. And a negotiation takes time.
Online love scam
Love has no boundaries as they say. Victims searching for a relationship online will do everything to get their love of a lifetime. This type of scam usually involved scammer poses using fake image and identity. It will take a considerable amount of time like a normal online dating relationship. When the relationship got deeper, scammers then will ask for some gift, cash or anything that the unwanted victim can willingly provide in the name of love. Some scammers even try to blackmail the victim especially when they send sensitive photos to their lovers’ wannabe.
What to do: Online love scammer usually sprung up on social media using a newly created account and recycled photos. There’s nothing wrong with finding love on the internet as long as verified the identity of that person.
The Bitcoin scam
As bitcoin become so popular with the rise in its value, scammers also find a way to join the hype. They usually offer an exchange and fake trading platform for bitcoin with a promise of huge return as bitcoin value surge. Some even accept small amount as starting point to trade. These victims usually don’t complain as they consider as unworthy of their time to complain of just a small amount of money.
What to do: Use locally government authorized trading platforms.
We may not be able to name other forms of cyberscam but as you may realize, there’s always a pattern. They try to alter the reality by their version of the story. Scammer exploits the vulnerability of each every one. And the best way to avoid being scammed online is to know it and how it works. If you know other forms of cyberscam, please don’t hesitate to share your story with us. Just think that your information may help prevent another scam online.