In the 21st century, almost everything around the globe has become digital. Starting from office work to online shopping to paying bills so on and so forth. While life has become more accessible and feasible because of the online system, there have been some cons for this digitalization as well. Therefore, it has become mandatory to protect oneself from being a victim and to do this, one should know the types of internet fraud there are.
- Phishing or email scam. This is a method used by the hoaxers to lure their victims into giving out their personal details. They do this by sending out emails to individuals, acting as sincere or reputed organizations. Their initial intention is to steal the bank details. These emails usually have links or attachments that need to be clicked to get tricked. Once you click these attachments or links, you will be taken to a bogus internet site where they will be asking you to provide your personal information such as card details, UPI code and other bank details. Also, clicking on those attachments or links will lead to a virus attack on your computer.
- Online shopping frauds. Since digitalization and since the use of the internet became very drastic, online shopping scam has become one of the biggest nuisances since the past few years. Under this, impostors set up fake online shopping portals with which they intend to cheat on native customers by luring them into buying products that seem exceptionally reasonable when it comes to pricing or they display attractive discount offers. But when the customer pays for the product, they either deliver fake products or do not make any deliveries at all. One thing to notice is that these websites do not have any return or refund policies and also there will be no customer support crew to connect with.
- Identity theft. Identity theft refers to those fraudsters who will be using your personal bank card details from the internet and take personal loan, two-wheeler loan or credit card with your name and details. Therefore, when loans are availed in your name, you will be burdened with the liability to repay those loans. Inability to do so will have a negative influence on your credit score and you will be marked as a loan debtor. Also, the stolen information can be used to create false social media accounts.
- Work from home scam. This has become a very serious scam recently for many people. Under this scam, fraudsters target people who are looking to work from home and make money. They target those audiences and they send them false openings by promising them that they will be earning an attractive salary by sitting at home and working. However, to enroll for this job, the job seekers will be asked to provide and deposit a certain amount of money for the job kit which is useful for the job. After the money is put, you won’t be able to get in touch with the acting employers.
- Lottery scam. Under this scam, hoaxers will send you mails, messages or even directly call you and congratulate you that you have won a lottery worth a lot of money and in order to receive the lottery money, you will be asked to transfer money online in the name of tax. There are times they will ask to make the payments by visiting hoax websites and when you do so, all your credit card details will be hacked.
- Matrimonial Frauds. There are many matrimonial websites where people are willing to look for the perfect life partner. But the sad truth is this has also become a scope for the fraudsters to earn money by deceiving people. Fraudsters trick innocent people by creating fake profiles and make the victims believe them. Once the trust is created, the victim is looted. In many cases, the victims were looted after the marriage.
- Tax scams. This scam usually occurs during the season of tax when taxpayers will be waiting for their tax refund. Fraudsters send false messages and mails to taxpayers appealing that they are from the income tax office. These notices are sent mainly with the intent to collect personal information like the login of the I-T department website, credit card details so on and so forth. Therefore, to credit the refund money back to the taxpayers, they will be asking you bank details.
- Social media scam. As days are passing by, more and more people are using social media from around the world. Cyberbullying has become one of the biggest social media scams to which many people have fallen prey to. Cyberbullying social media sites are used to bully people and get personal details out of them.
Ramisa Tasnim Binti
DEPARTMENT OF MARKETING & PR