𝙋𝙚𝙤𝙥𝙡𝙚 𝙐𝙣𝙠𝙣𝙤𝙬𝙣 𝙊𝙣𝙡𝙞𝙣𝙚 𝙎𝙘𝙖𝙢𝙨

Unknown Online Scams

 

Define internet fraud ?

The term ‘internet fraud’ refers to any type of fraud scheme that uses email, web sites, chat rooms or message boards to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.

Internet fraud may include spam, scams, spyware, identity theft, phishing or internet banking fraud.

In this blog we discuss about the people unknown online scams

 

1.Malware & Ransomware Scams

                                               

                       

Malware scams work by installing software on your computer that allows scammers to access your files or watch what you are doing on your computer. Scammers use this information to steal your personal details and commit fraudulent activities. They may make unauthorised  purchases on your credit card, or use your identity to open accounts such as banking, telephone or energy services.                   

 They might take out loans or carry out other illegal business under your name, or even sell your information to other scammers for further illegal use.

Ransomware is a type of malware that blocks or limits access to your computer or files, and demands a ransom be paid to the scammer for them to be unlocked.

Infected computers often display messages to convince you into paying the ransom. Scammers may pretend to be from the police and claim you have committed an illegal activity and must pay a fine, or they may simply demand payment for a 'key' to unlock your computer.

If you pay the ransom, there is no guarantee your computer will be unlocked.

 2.Rebate Scam

                   

The scammer approaches you with a false claim that you are entitled to reimbursement or rebate, such as for overpaid taxes, bank fees or some sort of compensation. The contact may come by mail, telephone, email, text message or social media.

They will pretend to be from the government, a bank or trusted organisation, and will ask you to make a small initial payment to cover 'administration fees' or taxes, in order to claim the amount owed to you.

If you hand over your money, you will lose it and not receive any rebate. If you provide your credit card or banking details, you may find that more is taken out than expected.

3.Phishing or Email Scam

                       

 It is a method used by fraudsters to steal your personal information.  Under this fraud, fraudsters send you emails by posing as a genuine or reputed company. The primary intention of sending those emails is to steal your bank details.  These emails usually will have a link or attachment. If you click on those links, you will be taken to a fake website.

 The fake website will ask you to provide your sensitive information like card details, UPI code and other bank details. Also, clicking on such links will lead to a virus attack on your computer.

4.Work from home Scam

                          

Work from home is one of the serious internet fraud. Under this, fraudsters dupe people who are looking for work from home opportunities by promising that they will earn handsome money, just by working for a few hours from home. 

To register for the scheme, job seekers will be asked to deposit a certain amount of money for job kit which is useful for the work. After the money is deposited, there will be no track of employers.

5.SIM swap Scam

                            

Fraudsters manage to get a duplicate SIM which provides them access to one time passwords. They do this by pretending to be from a mobile company and asking you to  forward an SMS containing the SIM card number to activate the duplicate SIM.
Do not: Respond to texts, emails from unknown addresses to click on links.

6.Digital Payment Scams(UPI PIN and OTP)

                   

Fraudsters are now using UPI to scam people. In this, the hacker first sends a “request money” link to the user. The moment the user clicks on this link to authorize the transaction thinking that they would receive the money, the amount gets automatically debited from their account

Current COVID-19 (coronavirus) scams

                       

 Scammers are pretending to be government agencies providing information on COVID-19 through text messages and emails ‘phishing’ for your information. These contain malicious links and attachments designed to steal your personal and financial information.

In the examples below the text messages appear to come from ‘GOV’ and ‘myGov’, with a malicious link to more information on COVID-19.

                                                                                                     

Showing All scam types stats for 2020 

Amount Lost and Number of report

•  🔴 Amount lost
• Number of reports

     

Top 10 Scams by reports

Gender-Amount Lost

•                          🔴 Female 52.8
• Male 47%