Money scams just keep getting bolder each year. For the past
few years, more victims have been continuing to fall for check cashing fraud,
especially in the USA. On the other hand, cyber security experts estimate that
many property buyers in the UK each lost an average of £101,000 last year
because of conveyancing scams. At the beginning of 2017, we all saw large
numbers of unsuspecting users in Instagram and Facebook being victimized by
money flipping fraud.
Now, online dating scams have morphed into money scams and
not just plain extortion schemes on the Web. Credit card fraud and identity
theft have also evolved into more sophisticated product fencing operations. So
has ransomware, which is now being carried out as inbound fake tech support
scams.
Common Methods of the Newest Money Scams This 2017
It turns out that social manipulation tactics are being used
now more than ever by many criminal groups and solo fraudsters worldwide for
carrying out their money scams. For example, the confusion of the general
public about EMV replacement credit cards has been exploited by a lot of crooks
to deceive users into unknowingly giving away their personal details,
confidential credentials and financial information.
Certain vulnerabilities in popular social media websites,
chat applications, dating apps and the like are being used by fraudsters to
reach and initiate communications with their target users. Many of these crooks
know that their intended victims have their own vulnerabilities while they're
hanging out in these Web platforms and online communities, enabling them to
smooth talk their way into luring these unsuspecting users straight into their money scams.
Scammers and organized criminal syndicates also continue to
exploit the general sentiment of their intended victims in their target
countries. Because unemployment and underemployment rates continue to be a big
problem across many countries, they know that a lot of users are looking for
ways to find decent paying jobs or to earn more money through business and
investment opportunities. This is one of the main reasons why fake job offers,
bogus investment opportunities and fraudulent business offers are being used by
these crooks to carry out their money scams on the Internet. Professional
social networks like LinkedIn and classified job sites are some of the most
widely used platforms of these fraudsters for promoting their fake offers and
scams.
Malicious technologies are constantly being developed and
distributed all over the Internet by the bad elements of the industry. Popular
sites and ads in reputable online publishing networks are secretly injected
with malware. This causes browser hijacks, system freezes, spyware infections
and malicious adware penetrations, which are mainly used by the authors of
these malicious applications for carrying out their money scams.
Since many thieves and organized crime groups are constantly
creating new ways and improving their existing tactics to lure more
unsuspecting users into their money scams on the Web - You should keep yourself
updated about the newest confidence schemes, fake job offers, bogus money making
opportunities and malicious programs that are currently being distributed all
around the Internet. To do this, you can sign up at BigScammers.Com. You'll
conveniently receive instant notifications and real time alerts via email.
You'll also be updated when a user posts new content in the user-generated
database of this online community.
