There are many types of frauds or scams which make use of the Internet. These types of scams vary greatly and appear in many forms.
To put it bluntly, an online scam is usually a get rich quick scheme.
If you are reading this, you are probably looking into some sort of offer that you saw somewhere on the Internet and wondering if it’s too good to be true. Well, they usually are.
We have to be realistic. When it comes to making money online there are no shortcuts, no magic buttons, or any other very easy way to make money quickly.
You have to put in the effort and the work necessary.
There will always be those offers that are too good to be true, and usually, that’s what they are.
There are many different kinds of scams out there, and the purpose of this post is to make you aware of some of the different kinds of scams that exist.
The Inheritance scams
I have received several emails in the past regarding the long-lost heir that has passed away and left me a fortune!
These scammers will contact you out of the blue telling you to claim a large inheritance from a distant relative or a wealthy benefactor.
The e-mail is usually from a (fake) lawyer or a banker or another foreign official claiming that there’s a deceased person and they had no beneficiaries to their will.
They usually start by saying that you are entitled to their fortune because you have the same last name and you are legally entitled to claim their inheritance. Unfortunately, the laws of successions from their country is complicated and the payout could only be made to a relative or a distant family member.
You are promised a large sum of money, in exchange for a small fee usually less than $100. All you must do all is respond to their e-mail.
If you do respond to their e-mail they got you hooked. They will go to great lengths to convince you that the fortune awaits you if you follow their instructions.
You will probably be introduced to a second or even third scammer posing as a banker or a lawyer to help you facilitate the legal and financial aspects of the transaction.
You will also be provided with bank statements, birth certificates, and other documents if you question their legitimacy.
If you follow through, you will be asked to provide your own bank account details and copies of your identity documents as verification and to pay some more charges to help release or transfer the money out of the country through your bank account.
You are told that you will be keeping a percentage of the money deposited in your account.
The reality is you’ll never get any money. They will squeeze every penny they can from you and then you will lose contact.
The classic inheritance scam.
These scams have been around for quite some time now. The first scam letters offering a large sum of money appeared in the 80s and were sent by plain old snail mail.
The thing is that there are still people getting scammed by these crooks.
Being aware is the first defense.
The phishing scams
Phishing scams usually happen by email. I get at least three or four per week. Here’s one I received just last week:
Scammers will send you a notification from a bank, a credit card or another provider of some sort like PayPal or eBay. This notification will try to encourage the recipient for a reason or another to urgently update their personal data by clicking on a link.
They threaten you to block or close the account if you do not fulfill their requirements. They will say things like “if you don’t provide your personal data within 24 hours, your account will be closed.”
The prey on people’s fear of losing access to their account.
The more advanced phishing attacks will have a bogus website (which you were redirected when you click on the link from the email) that looks exactly like the original bank or credit card company along with a link that looks very similar to the URL of the person’s account. This trick is to catch the inexperienced user.
In order to access the fake website, the person has to enter their credentials. That is exactly what they want, that is what they’re after.
Once they have access, the phishers need to be quick to remove cash from the bank account/credit card without leaving a trail. And that’s not easy to do. That’s why they usually sell to other fraudsters who already have proven schemes for the withdrawal of money from the information they just got.
The average lifetime of the phishing site is five days. So, it’s always some quick hits and then they go away and change to a different provider.
Banks, credit cards, and other providers indicate on their website a warning that the never ask users to send confidential data. But their success remains on the inexperience of the recipient of the e-mail.
Never provide your personal data unless you are the one that started the process.
The make money online scams
This one is probably the most popular. There are a lot of legit ways to make money online, but there are also tons of scams out there.
The promises of making extra money really fast can make people think that they won the lottery. But the fact is if it’s too good to be true it usually is! Right?
The easy money scam is the most popular one.
“Just pay $49.00 to get the secret code to make a huge sum of money in less than a week”.
What they usually provide is nothing more than some software products or a pdf file that show people how to create a website or something similar.
They don’t provide quality whatsoever or any training for that matter. You are left on your own with less money in your pocket.
On top of that, there is usually a high pressure upsell, that will provide an even better way to make more money. People will find themselves wanting to believe it, and it will fall for the upsell.
Bottom line is, if someone promises you that you can make fast and easy money online, it’s a scam.
Do not take the bait! Search the company’s name online with words such as scams or complaint accompanying your search query. If it’s legit, you will find people that have tried it and back it up. If it’s a scam, you will also find reviews about the product that warns people about it.
Buyer beware! And aware!
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