How To Identify Scammers and How not to Fall Victim

Scammers are everywhere, preying on available victims and of course, they wouldn’t have a field day getting at us if we are on guard. Sometimes you wonder if such individuals could devise ingenious means of scamming people, why couldn’t they use the same skills and energy for legitimate business?

Well, at least if you can identify them and know how they operate, they can’t scam you. Here are some of the scammers you should know;

1. SMS Scammer

Mode of Operation: Sends a text message (SMS) designed to look like it’s from a bank with a link to steal account details.

The NCC occasionally alert members of the public, warning them not to respond to texts; “NCC Cyber Alert DO NOT respond to any call/message that says you get a bonus after making a number of financial transactions. It is a SCAM.#BeCyberAware.”

I have personally received texts lately claiming that I have received a Covid-19 related fund and I should contact the number:

They are clever, good at imitating banks, relentless and difficult to trace. You may however detect they are fraud by spelling errors, poor use of punctuation marks, the strange url in the message and a random phone number from the sender instead of the bank’s name.

In order not to fall victim and lose your hard earned money or drop critical details, DON’T TAP ON THE LINK. Just delete the message.

2. The Ponzi Scammer

They act on your desperation to make quick money through shady investment schemes and that’s their strength. Who doesn’t want to have a ROI of 50 percent or even 100 in two months? It is just too good to be true. They are on WhatsApp, Facebook or Telegram.

They make tantalizing promises, usually uses a familiar brand to look legitimate, creates a sense of urgency.

You can identify this scam because interest is always extreme (eg. “Invest 2,000 naira to get 50,000 naira in 30 days!”), always too urgent (eg. “Today is the last day to invest!!!”), usually doesn’t have a physical, traceable office. Even if they have one, they are either new there and may soon close shop.

Be smart; Don’t even try to reply or send money to the scammer. Exit any Telegram or WhatsApp group that looks suspicious immediately.

3. The Money Doublers

Penny wise, pound foolish. They advertise money-doubling opportunities online — social media, WhatsApp, Telegram and forums like Nairaland and comment sections on Twitter and Facebook.

They are smart, confident and appear legitimate, advises you to start with a small amount so you’ll build trust, disappears quickly after receiving money.

You will Identify these scammers because they do not explain in clear terms how the money will be doubled. They are just coming anew to the market and do not have a history or track records.

You will escape their trap by not being selfish, covetous and desperate. Avoid anything that mentions money doubling online and offline. It’s always, most likely a scam. Be wise.

©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.
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