The internet is flooded with a large number of Online Scams. Each online scam is unique in nature and have its own characteristics. Every year billions of dollars are getting wasted towards these online scams which necessarily falls under the category Cyber Crime.
To avoid falling into them and being their prey, every individual must have a proper understanding of how these online scams operate and their types. Here is a short description on the various types of online scams presently running in the market:
4 Online Scam where people lost money everyday:
1. Online Lottery Scams:
This is probably one of the most popular and oldest scams of all times. Although, people have become aware of these Online Lottery Scams, still it manages to get money out of those who are new to the internet and who does not have much knowledge about it.
How Online Lottery Scams Operate:
Online Lottery Scams operate through bulk SMS or Bulk Emails, ie. they send a large number of Emails and SMS to a large number of random people. For this, they collect or purchase database of Email Ids and Mobile Numbers and send their mouth-watering lottery-winning notifications to each of these Ids and numbers. Often, these scammers use names of reputed organisations like Coca Cola or Airtel Mobile to convince people.
Now, when a particular person gets convinced, he/she calls back or replies to the lottery notification. Then a type of advance fee in the name of Check Clearance, Bank Charges or Transaction charges is charged from the victim which may amount anywhere from Rs.5000/- to Rs.60,000/-
Examples of Online Lottery Scams:
i). UK Lotto or UK National Lottery,
ii). The Coca-Cola Company Lottery,
iii). Hero Honda Awards,
iv). ICC Cricket Mobile Draw,
v). Airtel Mobile Lottery, etc.
How to avoid Online Lottery Scams:
The notification of Online Lottery Scams generally starts with ‘Congratulations ! Your Mobile Number/Email Id has won.’ Every person should know the fact that you can’t win any lottery without getting a lottery ticket or without participating in it.
If you ever get any such Email, you must ignore it and delete it.
2. Online Jobs Scam:
The 2nd worst scam ever hitting the present masses is Online Jobs Scams. As the country is full of educated unemployeds, these jobs scammers find their way to cheat people. Almost everyone have heard about Online/Offline Data Entry Jobs, Copy-Paste Jobs, Work from Home, Online Surveys, Online Ad-Posting, SMS Forwarding Jobs, etc. Today, if you search in Google any of these jobs, you will be astonished to find the number of companies providing such kind of jobs.
How Online Jobs Scam Operate:
Most Online Job Scams operate through their website. You would be directed to visit their website where they have projected themselves as a very big, successful and genuine company. Among their job categories, you will find a good number of plans each promising to pay you a satisfactory part-time income. However, there would be an Initial Registration Fees or Membership Charges ranging from Rs.500/- to Rs.15000/- which a candidate needs to pay before joining the job. And here is the catch!! You pay them the fees and become their victim.
These are fake job sites and fraud companies who would avoid you after taking your money or would give you useless and cheap work to do. Before joining any such job sites, candidates must confirm themselves, whether the company is registered under the government.
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3. Online Scam- Fraud Business Proposals:
These are mainly classified as Nigerian Frauds. The following contains an example of such Online Scam:
“Lagos, Nigeria.Attention: The President/CEO
Confidential Business Proposal
Having consulted with my colleagues and based on the information gathered from the Nigerian Chambers Of Commerce And Industry, I have the privilege to request your assistance to transfer the sum of $47,500,000.00 (forty seven million, five hundred thousand United States dollars) into your accounts. The above sum resulted from an over-invoiced contract, executed, commissioned and paid for about five years (5) ago by a foreign contractor. This action was however intentional and since then the fund has been in a suspense account at The Central Bank Of Nigeria Apex Bank.
We are now ready to transfer the fund overseas and that is where you come in. It is important to inform you that as civil servants, we are forbidden to operate a foreign account; that is why we require your assistance. The total sum will be shared as follows: 70% for us, 25% for you and 5% for local and international expenses incidental to the transfer.
The transfer is risk free on both sides. I am an accountant with the Nigerian National Petroleum Corporation (NNPC). If you find this proposal acceptable, we shall require the following documents:
(a) your banker’s name, telephone, account and fax numbers.
(b) your private telephone and fax numbers —for confidentiality and easy communication.
(c) your letter-headed paper stamped and signed.
Alternatively we will furnish you with the text of what to type into your letter-headed paper, along with a breakdown explaining, comprehensively what we require of you. The business will take us thirty (30) working days to accomplish.
Please reply urgently.
Howgul Abul Arhu “
How Online Business Proposal Scams Operate:
Online Scams running in the name of business proposals operate mostly like Online Lottery Scams. They first convince the victim that a large sum of money would be transferred to his account to carry out business in his country. After that, when the victim is convinced, the scammers ask him to pay charges in the name of Currency-transfer fees or Inter-country charges which may range anywhere between Rs.5000/- to Rs.40000/-.
4. Fraud Job Appointment Letters:
Bulk SMS and Emails are sent to random people in the name of reputed companies like Maruti Suzuki, L&T, Genpact, etc. An appointment letter is sometimes attached to the mail which contains false recruitment details and sometimes Employee Id. These scammers generally get the attention of skilled manpower or educated unemployeds. They convince the victim to act as soon as possible, otherwise the post will be given to someone else.
The victim is made to believe that his resume was selected from a list of resumes. When the victim shows interest or replies to the scammers, he/she is asked to pay a sum of Rs.5000/- to Rs.20000/- as bond money or contract fees.
This are the top 4 online scam where most of the people lost money. The best way to avoid this type of scam is by sharing awareness as ,much as possible in social media. let share and comment below.