Internet fraud continues to plague millions of unsuspecting Web users worldwide. In the USA alone, cyber security specialists and experts in the finance industry are expecting over $19 billion of losses due to credit card fraud and identity theft by the end of 2018. In the UK, each victim loses an average of €101,000 because of conveyancing scams, according to ActionFraud, which is the country’s national online crime reporting center. Globally, RSA FraudAction claims in their most recent report that 120 new phishing attacks were launched every hour on average last year.
Victims of Internet fraud don’t just lose money because of these scams. Some of them end up with tainted reputations and damaged relationships due to online dating fraud. Others have been wrongfully accused of more serious offenses after their identity documents and credit cards were used to buy prohibited products like illegal porn, drugs and firearms from the Deep Web.
Businesses all around the world are also greatly affected by Internet fraud. Scammers and organized crime syndicates use stolen credit cards, hacked bank accounts and compromised e-wallet accounts to buy products from their ecommerce stores and Web shops. A lot of businesses have even lost the ability to accept online payments due to excessive chargebacks and high dispute rates because of credit card fraud and identity theft. Affiliate fraud also continues to victimize a lot of businesses with ecommerce stores and Web shops.
So, how exactly can you defend yourself against Internet fraud this year? Here is a list of dos and don’ts that you should consider:
What to Do to Avoid Internet Fraud
- You should enable the anti-spam features of the email client programs and Web mail platforms that you use. Some of these are even equipped with anti-phishing features, which might also be available in certain Internet browsers and system security tools. By doing this, you can minimize the chances of being victimized by Internet fraud in the form of fake emails and phishing attacks.
- You should consider installing a system security tool in the devices that you use for your regular day-to-day activities on the Web. Get programs that offer real time scanning engines, threat detection and removal features for potentially malicious applications online and offline. However, be careful of rogue system security software products. These are distributed by many organized criminal groups to commit many forms of Internet fraud. What you should do is to go with the products of reputable companies.
- Always take offers and urgent notices with a grain of salt, especially those that sound too good to be true. Many scammers perform mass mailing operations and place phone calls, luring their target victims to their cyber traps through social manipulation tactics and fake urgency claims. Remember, these are some of the main components of Internet fraud today.
What NOT to Do
- Don’t open suspicious emails, SMS and private messages in your social networks, especially if they’re from unknown senders. These online communication protocols are often used by scammers to commit Internet fraud.
- Don’t completely trust the content of emails, SMS and private messages even if they’re from your family and friends. Remember, many scammers who commit Internet fraud are able to hack into emails and private social media accounts, while others can spoof mobile phone numbers.
- Don’t give away your identity documents, sensitive details and private information to others without first verifying the authenticity and credibility of those organizations and users. Many scammers pose as legitimate employers, sellers and agents just to grab your confidential details, which they then use to commit other forms of Internet fraud.
To learn more about the latest tactics and schemes that are used by organized crime syndicates and solo crooks today, you should spend some time in online communities that are dedicated to fighting Internet fraud and other types of online scams. One notable Web platform is BigScammers.Com.
What is Big Scammers?
BigScammers.Com is an online community with a repository of user-generated complaints and postings about Internet fraud and Web scams. These are posted by users around the world who have been recently victimized by cyber fraud.
You’ll be able to learn about the different tactics and schemes that were used by fraudsters to lure them straight into the newest forms of cyber scams today. This gives you the opportunity to think of ways that can allow you to quickly recognize and steer clear from similar online crimes and Web scams. After all, an ounce of prevention is worth a pound of cure as the saying goes, and this is true when it comes to avoiding Internet fraud.
In addition, there are cyber security experts and online anti-crime specialists who regularly provide helpful updates and pieces of advice in Big Scammers. They post these as useful comments in the complaints and postings of Internet fraud victims. You’ll be able to learn a great deal of relevant things that can enable you to avoid the latest online crimes today.
BigScammers.com also offers a frequently updated database of useful guides, news stories and tips. This is freely available to view in their online platform. These are created by cyber security experts and online anti-crime specialists. By going through the content in this database, you’ll be able to educate yourself about the most effective things that you can do to avoid Internet fraud this year.
Lastly, Big Scammers offers a convenient way to receive instant notifications and updates about the latest Internet fraud schemes and online scams today. What you need to do is sign up at no cost to their mailing list. You’ll then be able to receive real time alerts whenever a user posts a complaint or files a Web crime report in this online community. You’ll receive these updates and notices straight in your email inbox, which means you’ll be able to review them in your mobile device even while you’re on the move.
Visit BigScammers.com, and learn about the newest forms of Internet fraud each week. You’ll be able to identify the best ways to avoid these online scams when you do this, and you’ll know the most effective third party tools and resources that you can use to defend yourself against Web crimes.