Find out what are the most used scams in the virtual environment and take a look at the tips to avoid them
Consumer Month is upon us and with it the dangers of online shopping and scams. Fraudsters abuse consumers’ ingenuity, carelessness or haste to profit from scams.
In a survey conducted by cybersecurity company PSafe, Brazil recorded more than a thousand digital financial fraud attempts per hour in the first seven months of 2022 alone.
Crimes are becoming increasingly sophisticated and difficult to detect. Fincare N26 points out, for example, that online fraud is on the rise and has two main types. The first is when criminals steal the victim’s data and enter their social networks, such as Whatsapp and Instagram, and pretend to sell something, or ask family and friends for money, who also end up becoming victims.
The other type is when scammers impersonate banks and fintechs and offer credit or loans to paid targets, or even ask for personally identifiable information, bank details and passwords.
See below for top recommendations for escaping these scams.
Beware of what seems too good to be true.
Although Brazil is the Latin American country that uses credit cards the most, it is not that easy to get credit on the market. If the offer looks like it fell from the sky and offers instant credit, a high limit and zero interest, pay close attention as it could be a fake.
Don’t send money to strangers
Do not transfer or deposit before receiving any guarantee or amount. Reputable financial institutions usually ask for nothing before granting credit. If it’s a message with a picture of a family member or friend, try calling the person on another number or reach out to someone close to find out if they’re really asking for the money.
Do not provide your personal data
Do not pass on your personal information or lend your card to someone you don’t know well. Normally no financial institution asks for passwords and credit card information via cell phone.
Avoid clicking on the dubious link, because by accessing it, you can become a victim of various types of digital fraud. Always be suspicious and make sure it’s a contact from an official institution. Don’t be shy about questioning everything until you’re sure of the intentions of the contact.
If you are the contact of a family member or friend, ask them if they would really ask for such financial help for you. Always be suspicious and block contact that looks like a scam.
Check the reviews
Reputation is essential for any business. Check the already existing reviews about the brand and be suspicious if you don’t find any. If in doubt, contact the company’s main channel and communicate what is being passed on.