4 Most Dangerous Scam That Everyone Should Beware of
These days scams have become very common. The newspapers’ headlines are always filled with scams every other day. What are the most dangerous ones?
FREMONT, CA: Scams have been around for many years. It was prevalent in olden days as well. Today, old scams have reached the next level with the blessings of modern technology that makes it affordable and convenient for perpetrators for targeting a significant number of victims. The following is a rundown of some of the examples of the latest scams fueled by modern technology.
1. Caller ID Spoofing
Earlier, Caller ID was able to inform who was calling reliably. These days, scammers, using cheap technology, generally spoof the Caller ID, which shows a fake number or fake business appearing on the person’s Caller ID display. Scammers might spoof their calling number for committing other hosts of scams.
This is a widespread email and internet scam which occurs when a scammer tempts the user into divulging private account information. The scammer might ask the user to confirm their account information by posing as the user’s bank. If the user confirms it, the information is misused by scammers for making unauthorized charges or even committing the crime of identity theft. Phishers hold the ability to send hundreds of emails for pennies on the dollar. If even one user bites, the fraudsters make money.
3. Fake Check Scams
In this type of scam, the user receives a real-looking check, which is actually a fake one. The technology empowers the scammer to print thousands of counterfeit checks that look authentic at low prices. The user is instructed to deposit the check and wire some money to the scammer. The check bounces after it gets deposited; however, the user cannot retrieve the money as the scammer has already received it.
The scam, too, has diverse flavors. In some scenarios, a person who posts an item for sale online becomes the target of the scammer. The scammer will buy the product and send a fake check in high amount, telling the seller to send back the overpayment. In another case, the scammer can send a fake check as a phony prize-winning and then instruct the user to wire back some money for taxes.
4. Forged Cell Phone Text Messages
These days, scammers send forged text messages to users’ cell phones. The message might offer a product for a monthly fee, usually $9.99. On opting out and declining the product, the user may find unauthorized charges on his/her phone bill.
The bottom line is that the companies, as well as every individual, should be aware of all the dangerous scams happening around them. They should confirm twice before releasing any private information.