Today, spam and online scams, fraud and identity theft, as well as online purchase-related issues are growing all around the globe. What are the common cyber scams and how to spot cyber scams?

How to Spot Cyber Scams 

The scams available these days are more advanced than ever before. A common piece of advice that’s usually given is that you should never give your personal information and talk to strangers. Here’s a list of the common scams to be aware of:

• Wider government scams: this is when scammers call innocent people and urge them to pay a debt by asking them to provide personal information.
• Smishing or SMS phishing: this type of fraud doesn’t have a long history. It aims to impersonate organizations to steal personal information or encourage the victims to click on a malicious link.
• Malicious apps: in this case, scammers encourage people to download a malicious app to get access to victims’ personal information or ask them to pay money.
• Fake antivirus software: this is when you browse the web and get a pop-up notification telling you your computer is infected and needs to be cleaned via software offered. 
• Cybercriminals also open fake online shops or on social media profiles offering low priced branded items. This is a trap where you can lose personal information and money.
• Employment scams: this is when a job seeker gets an offer from a scammer and provides sensitive data to him or her. 
• Offers to make easy money quickly: some people appear in the trap of cybercriminals offering an opportunity to raise money quickly. 
• Robocalls: these are phone calls automatically taking you to a recorded message instead of speaking with a real person.
• Dating apps targeting vulnerable singles: this is when singles looking for conversion with a potential partner are targeted by scammers who need access to their personal information and trick them into sending them money.

When it comes to protecting your business from fraud, it’s critical to work with a reliable payment expert offering the highest level of fraud prevention and chargeback mitigation services. This way, you can easily spot cyber scams and protect your online payment processing. 

Spotting Common Cyber Scams 

Very often, people are targeted by scammers using email or text messages to steal personal information. Work with a reputable payment specialist that can protect your eCommerce transactions properly. 

Author Bio: Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.