Beware of the three ways of getting fooled into giving up
your money through seemingly innocent money-making schemes. Scams are all
around us and it can be found in every single area of life, but more so in such
areas where the risk is greater such as when dealing with credit cards, bank
accounts and other activities which involve sending or receiving money online.
The Bank/Credit Card Email Scam:
If you get an email asking you to sign up to your bank
account or credit card through the email because your privacy is under danger
or just to receive a free gift or something: beware! Do not sign up through the
internet address provided in the email. If the email does make you anxious, go
to the bank or credit card site using the address you know already or through
searching the search engines.
How Does This Scam Work?
The senders of the email know that only a very few will sign
up but that is all they need. When you signed up to the bogus internet address,
they got your user and password. Now it’s time for them to party!
The Missing Millionaire Scam:
If you receive an email saying that they represent a dead or
missing former ruler, high-ranking official or businessman from an African,
Gulf or even Russian: beware! They offer you a chance to earn anything between
one to five percent of ten to fifty million. And for your co-operation only.
Don't get sucked into this, for though they speak of giving you money, they
will receive cash from your account.
How Does This Scam Work?
They will ask you for your bank details in order to transfer
the cash and then they will use that to transfer a small amount. Now, once you
trust them, they will ask you for more personal and secure details because they
"need" that to transfer the entire sum in and out of your account.
What they won't tell you is that they will transfer all the money out from your
account: theirs and yours.
The Make Money Fast Scam:
This is the most innocent of the lot, but that is also why
it is the most dangerous. These are so-called companies that advertise that if
you only sign up and use their system, you will mint money. Please do not fall
for such schemes. They will pay you some money but then once trust is built,
they will fleece your bank account. Remember that quick money scams are the
surest and fastest way to lose all your money!
Conclusion:
Whatever you do online, always remember that the internet is
not a safe place. Treat it like you would treat any other business venture and
bring up your guard. If you play it safe and check out the companies before
committing, you will be able to guard yourself against losing money to crooks.
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