BBB Warns Against Rising Online Scams.
The Better Business Bureau (BBB) has issued a warning about the alarming rise in online scams, with over 68% of all scams reported last year occurring online. The non-profit organization emphasizes that these scams often result in significant monetary losses, surpassing those experienced in person or via phone.
Types of Online Scams
Online scams come in various forms, including:
* Phishing emails and text messages that pretend to be from legitimate companies or individuals
* Fake websites that mimic real businesses and offer too-good-to-be-true deals
* Social media scams that involve ‘influencers’ or fake profiles promoting fraudulent products or services
* Investment scams that promise high returns with minimal risk and often target vulnerable individuals
* Identity theft scams that aim to steal personal information and use it for fraudulent purposes
Impact of Online Scams
According to the BBB, the monetary losses associated with online scams are substantial. Additionally, these scams can damage victims’ credit, emotional well-being, and trust in online transactions.
How to Protect Yourself
To protect yourself from online scams, the BBB recommends following these tips:
* Be cautious of unsolicited emails, text messages, or social media messages. Never click on links or open attachments from unknown senders.
* Verify the legitimacy of websites before entering any personal information. Check for secure connections (HTTPS), read reviews, and look for BBB accreditation.
* Use strong passwords and two-factor authentication. This makes it harder for scammers to access your accounts.
* Be skeptical of extremely low prices or offers that seem too good to be true. If something sounds too good to be true, it probably is.
* Do your research. Check with the BBB or other trusted sources to verify the reputation of businesses or individuals you deal with online.
* Report suspicious activity. If you encounter a potential scam, report it to the BBB, your state’s attorney general’s office, and the Federal Trade Commission (FTC).
Conclusion
The rise in online scams is a serious threat that requires vigilance from consumers. By understanding the different types of scams, taking preventative measures, and reporting suspicious activity, we can protect ourselves and our loved ones from these harmful schemes. Remember, it’s always better to be safe than sorry.