How To Avoid Online Scams

How To Avoid Online Scams: Most online scams come in either the form of an investment scam, identity theft, data theft or cryptocurrency scams. Before going into the specific gimmick of scams. Here are things to look out for to be safe online.

Phishing scam

One common way of targeting users online is the phishing scam. Scammers attempt to get sensitive information by posing as a trustworthy and legitimate source. They aim to deceive you into giving out personal details such as credit card numbers/bank accounts, passwords, national Identification Number, Date of birth, Driver’s license and other delicate information as such.

In a typical phishing mail, they will often tell you to click on a link to resolve the issue bring forth to you, clicking on this link will often link you to a fake website or download/open an attachment that would install ill-disposed software onto your device.

It is common for phishing emails to create a sense of seriousness or/and urgency to mislead you and urge a quick response. This might be achieved by:

  • Asking you to renew your password
  • Citing purchase you did not authorise
  • Warning you about unauthorised activity on your account
  • Peaching to you an unbelievable get a rich quick offer
  • Telling you to update your account

How To Avoid Online Scams

How To Avoid Online Scams

Know what to look for in a Phishing email – How To Avoid Online Scams

  • Phishing emails will not approach you by your name. Rather, they will use greetings like” Dear customer” because similarly emails will be sent to different people.
  • Be wary of attachments and watch out for links to a phishing website.
  • Be on the look for spelling and grammatical errors. These are signs of a potential scam.
  • Check if the email address of the sender is authentic. If the domain name( part of the email after the @ symbol) is different from the business, is a sign that it’s not real.
  • Don’t rush, scammers like to create a sense of urgency, take your time to determine if the email is genuine or not.
  • Mentions of activities you have not performed, such as login attempts or purchases

What to do

  • The best thing to do is to ignore a phishing email. Don’t visit any site or download any file attachment from such email.
  • Don’t open phishing emails at all if possible.
  • If you receive a concerning email about an account, safely check your account history by logging in to the site using a proper URL to go there. Don’t use the link from the email unless you trust it.

Scam schemes related to cryptocurrency

  • Impersonation

With how far we have with technology, it is easy to impersonate an individual or an organisation online these days. It takes about 2 to 5 minutes to create any social media account, and anybody can impersonate on most of these social media platforms. Even if a verified account message you telling you to send crypto to him for whatever reason you should be sceptical about it, take the Twitter hack of 2020 for example.

To avoid being swindled online, don’t go for crypto deals that are too good to be true and be observant of the usernames of people you deal with as scammers are known to change little details of the real handle to look like the new one. You can also search online for chrome extensions that help identify fake accounts on Twitter as some developers have been working on those.

  • Wallet Scam

Advice to our reader is not to use any wallet that is not listed on ProductHunt. Judge them based on upvotes as this signifies numbers of positive feedback received by the wallet. You can also do research ( by checking them on google) about the team that developed the wallet. Seach their Github repositories. If their Github reputation is not good, they are not likely to keep your coin safe.

  • Fake NFT Projects

With the current wave of investors having an interest in NFTs, scammers have also been attracted to this market. There are NFT projects that is purposefully et up to rug-pull investors’ funds or send all coins in the wallet of anyone that pairs their crypto wallet with the project. The best way to avoid NFT scams is to make do research on the project and take your time to examine the project’s community either on Twitter or Discord before trusting them with your cryptocurrency.

In summary, here are a few things to watch out for to avoid a scam – How To Avoid Online Scams:

  • Anything that seems too good to be true it probably a scam. 
  • If the message first appears in your junk folder. Email software is good in detecting scam messages and not from a legitimate source.
  • Don’t believe just because a familiar or popular name is associated with it validate its authenticity.
  • Make personal research about the company offering the opportunity real and reliable.
  • Check for online reviews. Don’t just rush into anything, check for feedback online, people will share both their negative and positive feedback about the scheme online.

How To Avoid Online Scams

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