How To Protect Your Personal Identity From Online Fraud

Online fraud is one of the biggest dangers that people face online now. It’s something that can be spotted easily when people know what to avoid and how to tell real offers from fake. Even when people don’t know the difference, with a few questions, fraud is something that can be easily avoided online.

The internet was hailed as the best thing in the world when it became a regularly used item in households. The internet allowed people to communicate with others in ways they had never imagined. It allowed businesses to expand their opportunities and it allowed people to purchase items they had only dreamed of. Unfortunately, the internet also made it easier for fraudsters to find easy prey.

A Common Scam to Avoid

One of the most common scams to avoid is one that involves a check for a huge amount of money and a request for the overpayment to be sent back. While it’s hard to understand why people fall for this scam, thousands of people fall prey to it every year and millions of dollars are lost and can’t be recovered.

When people fall for scams like this, not only are they losing the money that is sent as an “overpayment”, they are losing the entire amount of the check that is placed into the bank. Many times the checks that are sent are bad checks. Because people choose to immediately send the overpayment, they don’t wait for the check to be verified and clear before withdrawing the money. When the check bounces, people will owe the bank the amount that was deposited in the bank as well as any fees associated with this transaction. For people that are in bad financial situations, this could be devastating.

Easy Ways to Avoid Online Fraud

As people have learned over time, it’s important for them to pay attention to what they are doing. While some scams are sophisticated and hard not to fall for, there are some things that can be done to avoid falling for online fraud schemes.

1.       Unknown persons means no bank or wire transfers- Some people will receive odd emails that sound very serious and sincere. These emails will contain a request for money through wire or bank transfers to release something or someone. It’s a scam; don’t do it.

2.       Buyers that are in a hurry to finish- When selling something online, the scams can be a bit harder to see. When a buyer is found, if they are constantly rushing to make the transaction, be especially careful because they may be a fraudster.

3.       It just sounds too good to be true- There are times that something sounds too good to be true and often times, they are.

While online fraud is something that can be avoided, it’s something that people should always look for. Every day the online scammers get better at what they do and they are growing greedy.

Instead of allowing the internet to run people away, they are becoming just as savvy so they can stop online fraud before it’s successful.

Sep. 3 14'

Get in on the discussion!

Name
Email