New online scams keep on popping up all over the Internet. Most of these Web crimes are improved or tweaked versions of previous schemes, much like how spam has evolved into phishing fraud and how ransomware morphed into fake tech support scams. When you look at how cyber fraud has changed throughout the years, you’ll notice that crooks and organized crime syndicates match their fraudulent tactics and malicious technologies with the most popular platforms, devices and applications at the moment.

That’s because most thieves want to get as much bang for their buck, so to speak. They’re looking for quick and easy ways to victimize as many users as possible with little to no resource cost on their part. This is also one of the main reasons why they constantly change their tactics and schemes – When a lot of users begin to post all around the Web about the online scams that recently victimized them, then their strategies become obsolete in terms of luring and tricking their intended victims.

With this, the importance of knowing the newest online scams at the moment is pretty obvious – You’ll be able to prepare and devise the most suitable strategies for defending yourself against the latest Web crimes today, especially if you’re operating an ecommerce store. To help you out, here are some of the top Web crimes that have been reported this month in BigScammers.Com:

Most Widespread Online Scams This Month

  1. Conveyancing Scams – ActionFraud, the UK’s national online crime reporting center, claim that these online scams cause a victim to lose £101,000 on average. This is where a property buyer is tricked into believing that a solicitor or real estate broker has changed their bank account details for accepting payments. Spyware programs are often used by many scammers for these Web crimes, in order to secretly access email and instant messaging conversations of their intended victims. They then spoof the email addresses and instant messaging accounts of solicitors so as to send out fake messages to property buyers.
  2. Money Flipping Fraud – This was first reported in Instagram, but quickly reached other popular social networks like Facebook and Twitter among others. Similar to other online scams that involve fake investment opportunities, this is where users are fooled into thinking that they can get ten times of whatever they invest in a matter of days. Fraudsters convince users that they have contacts in some of the biggest financial institutions of the world.

They claim their contacts have discovered a bug that allows them to add one zero to the value of the money that’s loaded in any prepaid debit card, gift card or moneypack. This is why fraudsters pull their intended victims deeper into these online scams by making them believe that they’re looking after their security – They tell unsuspecting users that investing through these cards and moneypacks is a safe way to protect themselves against potential financial theft and identity fraud. What they don’t know is that these cards and moneypacks are non-refundable, and transactions made using these are irreversible.

To learn about other new online scams at the moment, you should consider signing up at BigScammers.Com. You’ll be able to get instant alerts and real time updates sent straight to your email inbox. You’ll get these emails whenever a user posts a scam complaint in this online community’s user-generated content repository, or each time a cyber security expert contributes useful tips and methods for avoiding the most prevalent Web scams today.