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What to do in an Event of a Scam And How to Stay Safe From Cyber Scamsįirst of all, it is important to look at what to do if one is already involved in a cyber scam. Personal data breaches, identity theft, and spoofing are much lower on the list, but undoubtedly still cause damage and plague the economy.
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As far as the ‘victim count’ is concerned, phishing is the leader by far again, followed by non-payment/non-delivery scams and extortion in third place. A close third is the Saas/Webmail sector. In second place was social media, resulting in 24% of all phishing attacks. Statistically speaking, almost 25% of all phishing attacks worldwide were focused on financial institutions. Email-based scams affect absolutely everyone, from regular citizens to the largest corporations. Cybercriminals can even automate this email process, sit back and wait for internet user credentials to be ‘harvested’. For example, phishing campaigns orchestrated by cybercriminal groups can reach millions of people via email with a minimal financial outlay by the criminals. This is simply because email-based scams are by far the easiest to orchestrate, with the least resources expended.
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Types of Cyber ScamsĬyber scams come in numerous forms and various types of attack schemes and methods. Especially, if one becomes a victim of a cyber scam. This is why it is important to be armed with safe internet usage best practices as well as good cybersecurity knowledge. Practically any service or product can be a part of a cyber scam. Adding to this list is everything imaginable from lottery scams, romance scams, illegitimate check scams to social security scams. Some of the most serious cyber scams that are still active today are Nigerian 419 scams, Indian IT call-center scams, and counterfeit services and goods scams. billions of dollars per year, as it stands today, with the average victim losing almost $500 on average in each scam. All scams are not equal, because some are no longer utilized, while others that have existed for decades still reap dividends for cybercriminals to this day. Throughout the years, the world has fallen to several types of cyber scams. Thankfully, today there is a substantial cybersecurity knowledge base from which tips and recommendations can be drawn to help internet users protect themselves from such risks. What can you do after you have already been scammed, is the most important question to ask. This is why it is important to understand what a cyber scam (internet scam) is, the types of cyber scams out there, and finally how to protect against them. To put it into perspective, financial losses incurred from cyber incidents are on par with natural disasters. Cyber incidents involving the exploitation of vulnerable internet users, their data, finances and sensitive personal information occur dozens of times every minute, all over the world. On another note, it makes hiding much easier for them too. This means that the possibilities and opportunities for cybercriminals are endless. These billions of internet users are interacting with a vast amount of different services, applications, and web pages. There are more than four billion netizens online today. Finding business contacts Phished and Farmed Both practices operate in the same fashion but on different platforms.
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Fraudulent practices like scams and schemes occur both in the offline and online world. Scamming results in good ROI (Return on Investment) for perpetrators, and spells trouble for victims. The art of scamming is a time honored fraudulent practice.