Protect Your Account Against Scammers on Social Media
People have a tendency to provide a greater amount of personally identifiable information about themselves on their social networking sites, such as their birthdays, e-mail addresses, addresses, hometowns, and relationship statuses.
It is possible for identity thieves to utilize this personally identifiable information to steal users’ identities; putting this information on social media makes it much simpler for identity thieves to gain control of it.
The issue of authenticity in internet reviews has been around for a long time and continues to be a problem. In a now-famous event that took place in 2004, the Canadian version of Amazon’s website unintentionally exposed the identities of thousands of people who had been reviewing books on the American version of the site while maintaining their anonymity.
The error brought to light the fact that some authors were using fictitious names when reviewing their own works in order to give themselves positive feedback. Additionally, 72% of consumers indicate that they trust a firm more after reading positive reviews, and 88% of consumers say that under the “proper circumstances,” they believe internet evaluations just as much as personal recommendations.
While scam artists are rapidly capitalizing on the power of social media to carry out illegal activities, intelligent risk managers and the insurance firms they work for are figuring out methods to use information from social media as a tool to combat insurance fraud.
For instance, a worker who had been hurt on the job and was collecting worker’s compensation could not refrain from playing a contact sport for a local semi-professional sports club despite being out of work. The detectives were able to find out, through the use of social media and online searches, that the worker was actually listed on the team roster and was performing very well.
According to the local authorities, a woman from the United Kingdom fell victim to an online “romantic fraud.” It is said that the woman, who was in her 50s at the time, misplaced an inheritance worth £320,000 that she had inherited from her parents, who eventually abandoned her as a result of the loss.
In 2019, after the victim’s spouse had passed away, the perpetrator, who was pretending to be Tim, met the victim on an online dating service. First, he stole £68,000 under the guise of customs fees. Then, he requested that she make a direct payment of £200,000 to his translator to secure his contractors and keep his equipment, bringing the total amount of money stolen to £320,000.
If you’re someone who is into Online, then you’re definitely at the right place. We can give you the best practices in identifying red flags as well as help you in recovering your stolen money from scammers!
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Some Common Types of Social Media Scams
Lottery and Free Gift Card Scam
There are always going to be posts on social media that say they are going to give away free gift cards to popular companies like Starbucks, Target, and the Cheesecake Factory or that they are going to announce that you have won the jackpot.
When you click on them, you will be led to a website where you will be asked to input your information to claim any prizes you may have won. The information that they require may be different each time. They might ask for your phone number in order to covertly charge you for additional data rates. It’s possible that a post labeled as a “lottery” will ask for your banking information to wire you money, but in the end, they’ll just steal it from you.
An increase in the amount of social interaction that takes place online has led to an increase in the number of connections created via social media.
According to some reports, one in every five new relationships starts off on the internet. It is anticipated that by the year 2040, approximately 70 percent of people will have met their spouse or significant other online. Swindlers have capitalized on this trend by taking advantage of people looking for romantic partners.
HAVE YOU BEEN SCAMMED AND NEED HELP IN FIGHTING BACK?
Scammers can create complex scams that can trap even the most cautious of people. But it’s not too late because we can help you track the damage done by scammers.
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How To Protect Yourself From Social Media Scams?
When dealing with uninvited contacts from people or businesses, whether it is over the phone, by mail, via email, in person, or on a social networking site, you should always consider the possibility that the approach may be a scam.
This is true regardless of how the contact was made: over the phone, by mail, via email, in person, or on a social networking site. Keep in mind that anything that appears to be too good to be true certainly is. Take the time to do a little bit more investigation if you are concerned about the authenticity of an organization or if you have only ever met someone through the internet.
Conduct a search on Google Image Search for photographs or look on the internet for other people who may have previously dealt with them. If you receive a message or email from a friend and it seems strange, or out of character for them, you should get in touch with that person directly to verify whether or not it was actually they who sent the communication.
On social media, the rule towards protection across all platforms is simple: proceed with caution! Don’t trust everyone, and don’t give your money to every other person.
We hope this article helped you learn how can you best protect yourself when using social media. For more relevant information, visit Ez Chargeback and browse through thousands of articles and guides. If you have lost money to an online scam, reach out to us, and we will help you get your money back.
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