How can you protect yourself from being a victim of an online fraud? There are so many things you need to take into account, when it comes to tracking an online scammer. Scammers are out to gain your trust and then, your money or personal details. This is why you need to avoid being a victim of online fraud, or you could end up endangering more than your financial wellbeing.

Online Fraud Detection Tip #1 Spot Imposters

Scammers often take on the identity of persons you trust. This could be a family member, a charity you donate to, a company you do business with or a government official of the state. Don’t send cash or give out personal information with respect to the request such as a text, phone call or email.

Online Fraud Detection Tip#2: Perform Online Searches

Check the company or product name into the search engine with words like complaint, scam or review. Search for phrases that describe your situation online. For example, if the fake job scammer is targeting you, there’s a good chance he/she has tried the same trick with someone else before you. The more prolific the scammer, the more likely it is that he/she is active on social media or online channels and a simple search could save you from financial ruin.

Online Fraud Detection Tip#3: Don’t Rely on Caller ID

Technology has made it easier for scammers to use fake caller ID information. If someone asks for personal information or money, immediately hang up. If the caller may be telling the truth, call the number to check out the story.

Online Fraud Detection Tip#4: Upfront Payments Are Asked For

Don’t pay upfront for a promise, Pay in advance for things like debt relief or a job and live to rue the day. The online fraudster may even try to convince you that you have won a prize, and first you have to pay fees or taxes. No such requirement is in place for a legit lottery or sweepstakes.

Online Fraud Detection Tip#5: When Your Money Power Is The Focus

Credit cards have a fraud protection mechanism built in. But if someone gets your pin and account details, they can easily use it for online transactions where the card is not physically present. Another tricky point is that if the fraudster tries to get money wired under some pretext, it is imperative to avoid this. This is because Western Union or MoneyGram are risky as you need to get your cash back and a wire system does not allow for this. Even reloadable cards like Reloadit or MoneyPak are also a way out for scammers who don’t want to return your money, but keep it. Before money or personal information is shared, be clear that you need to trust the person. And if you have never met the person or known them for a long time, and are being threatened, check out the story and perform an online search to get the details on them. The next step is to report them to the authorities and ensure that justice is done.

Online fraud detection is easy, if you are alert and aware about the process. It is essential to be cautious and watch out for probing questions, one sided information gathering and camouflages which don’t indicate the truth of the matter. The online world offers a wall of anonymity and this means people can perpetrate a crime without detection, unless you take the initiative and seek them out. Don’t become a victim to a scammer. Stand up for your rights and issue a fraud alert today.

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