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AVOIDING ONLINE SCAMS IN THE DIGITAL AGE

Stay vigilant to protect your identity and your financial information. Here's how.

We seem to hear about a new online scam nearly every week. While the internet has changed the world for the better in many ways, there is a downside. Online scams are still widely prevalent, and despite the misconception that they are primarily a concern for senior citizens, a recent study by the FTC found that more millennials than retirees are now getting scammed out of money online. Everyone can be susceptible to these acts if they are not cautious. In 2020 so far, Nebraska has had over 2,000 reports of identity theft .

At value Global Equity, protecting your money and personal information is a top priority. That’s why we’ve outlined how to spot the latest online scams and how you can protect yourself with these internet safety tips.

FACEBOOK SCAMS

The Better Business Bureau warns about online fraud happening within Facebook. It starts with a “friend or relative” who contacts you through Facebook saying you are entitled to free money. These can come from fake profiles or hacked accounts. The catch? You need to pay up front for shipping or processing or provide other sensitive information that can be used for identity theft.

Follow these tips to avoid a Facebook hack or scam:

SCAM WEBSITES

The old phrase “If it seems too good to be true, it probably is” certainly applies to shopping online. Fake shopping websites have been popping up lately, aiming to scam you out of your hard-earned money. Pay attention to these red flags, which will help tip you off to a fake website or online store:

How can you protect yourself from fake shopping websites?

TEXTING SCAMS, OR “SMISHING”

You’re likely familiar with phishing scams—fake emails that look to be sent from legitimate companies—but have you heard of a similar tactic called smishing? Smishing scams involve fraudulent text messages that seem urgent and indicate something is wrong. These messages prompt you to click a link, send sensitive personal information or reply to the text to resolve a serious situation. They may also promise free gifts or offers in exchange for personal information. So how should you handle a text message you think may be spam?

MAKE MONEY ONLINE SCAMS

Some of the biggest categories of online scams are ones that promise you can make easy money online or from home by doing little work. Here are a few to watch out for:

ONLINE DATING OR ROMANCE SCAMS

If you’ve heard of “catfishing,” you can imagine what this breed of scamming is all about. In this increasingly popular online scam, a fraudster preys on vulnerable people seeking a romantic connection to lure them into draining their bank accounts.

Online dating scammers often fool their victims into falling in love with them by using information posted in the victims’ dating or social media profiles. Romance scammers try to quickly woo their targets and move the conversation to a private channel, like over the phone. Then, suddenly, something horrible happens. This could involve a lost job, a family member ending up in the hospital or someone dying—which is when the fraudster will ask for money or gifts.

Consider these tips and others from the FTC to avoid falling for a romance scam:

If you suspect you’ve become a victim of fraud or identity theft, contact value Global Equity right away by calling ‪+16562044127‬ or visiting one of our branches. Report suspicious activity, and all other fraud immediately.

When it comes to protecting yourself online, knowledge is power. Feel free to contact us with any questions.