Monday, July 12, 2010

Kinds of Internet Scams | An Overview

“Do not bite at the bait of pleasure, till you know there is no hook beneath it.”

So goes a gem for the thought, polished by no other than the author of the Declaration of Independence himself, former president Thomas Jefferson. And this one line warns all of us, to be extra vigilant in everything we do especially at the face of lures and deception.

And one place that is teeming with various faces of deception is the internet. Whether we admit it or not, the world wide web became a home for the breeding of different kinds of scams which are the following:

Phishing Scams
This is a method that usually lures the reader into providing sensitive account information from simple online games username and pass word to bank account details. The 'phishers' usually send an e-mail which will appear like that of your trusted site, complete with logos, and company information, plus links directing you to a site which looks like your trusted organization's web page. Phishing e-mails usually require you to fill up information or click a link and log in to a hoax website.

Lottery Scams

These are mails (or even pop ad ads nowadays) that usually inform you that you have won a huge amount of money in a lottery. Now please, if you have not placed a bet on any lottery game and then suddenly someone insists you won in one, it's a scam in-your-face. Don't even try to click that link, click the trash button instead. If you entertain mails like this, you'll end up milked for upfront fees and other charges the 'delivery' of your prize, which is, by the way, non-existent.

Nigerian Scams
Helping a charity, aiding to recover money from a bank account, inheritance notice - Nigerian scams or 419 scams basically weave stories upon stories that may keep you interested. The sum of money that is about to be transacted is usually at least a million dollars. If you respond to this e-mail, you'll end up paying fees. So please just dump it.

Payment Transfer Job Scams
These mails enclose a job offering that will let you become a mediator in fund-transfers, with a percentage of the money passed to you left in your bank account. Beware of these scams as you may really be participating in illegal money laundering activities without you knowing it.

Competition Scams
An example of this is a poem competition scam that makes you submit a poem and inform you that you have been qualified to the semi-finals. This contest usually has a million dollar grand prize, but before you can view your published poem, you have to buy an expensive poem anthology from the organizers, or any product that they sell.

Now you know the different kinds of fraud. If you happen to encounter one, share it to an anti-internet scam forum community. Let us expose their disguise and help each other in combating internet scams. Remember, as the legal maxim goes, "It is fraud to conceal fraud."

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