Financial fraud on the Internet

Modified date: 29/09/2020
Beware of fraud, invest only with trusted companies such as Zion finance

The World Wide Web has opened up enormous opportunities for humanity. People leave a large amount of information about themselves on the network: documents, logins, passwords, bank cards, and other personal information. Naturally, scammers have appeared who are trying to use the information to steal money from other users. It is easy to remain anonymous online, and even if the theft attempt fails, the scammers keep trying until they succeed. And we must admit that their attempts are often successful. Therefore, Internet scammers do not stop and come up with new tricks to deceive.

We will not talk about hackers - computer specialists who use their skills and security vulnerabilities to crack passwords and gain unauthorized access to user information. Protection from hackers depends on the reliability of Internet resources protection systems and the professionalism of system administrators.

We will show the tricks of fraudsters who interact directly with users. They using human weaknesses and desires, to trick victims and obtain the necessary information or force them to transfer money voluntarily.

  • Phishing.
    Creation of fake website copies. The user receives a message from a well-known online store with a link to discounts or great offers. When clicking on the link, the user sees a regular online store interface and does not notice that the address of this site is slightly different from the original. He enters his account with his username and password, buys something, enters bank card details, and all this information immediately falls into the hands of scammers. To avoid this, you need to carefully check the site address in the address bar of your browser.
  • Lottery, inheritance, compensation.
    The user receives a message that he is lucky and can receive money. He only needs to provide all the details of the bank card and receive a transfer, although only the card number is enough for this. But the scammers insist that all the data is needed. Everyone should be very wary of such messages.
  • Cryptocurrency exchange.
    The offer to exchange cryptocurrency at a favorable rate is very tempting. The fraudster promises to credit the required amount to the account immediately after receiving the payment. But of course, it doesn't. Therefore, you need to exchange currency only with trusted counterparties with a good reputation.
  • Charity.
    There are many messages on the Internet with requests to donate money to help people in need. Many people readily donate money. But it happens that there are no needy people, and the money is collected by scammers. Therefore, you need to check the addressee before donating. Or you can make donations to charity funds. This way, you can be sure that your help will be used as intended.
  • Blackmail.
    Demanding a ransom for non-dissemination of personal information, for example, of intimate photos, which the user inadvertently shared on a dating site.

Of course, these are not all types of fraud, but some of the most common. Use strong passwords, change them regularly, and keep them in a safe place. Be sure to use two-factor authentication whenever possible. Carefully check the links and addresses of the sites on which you enter personal information and make a payment. Question any unexpected generous offers, rewards, or winnings.

We wish you safe Internet surfing.