|
| |
How To Prevent Online Scams and Frauds
Most frauds online or otherwise are committed on people who allow this to
happen through their trust of people, fear or simply everyday harmless sounding habits.
Sometime it is just greed and gullibility. With increasing online use,
these frauds are on increase in intensity and sophistication. It is very
important that web users understand some of the common ways they can fall
prey to online scammers. Once, the consumer understand some of the common
modus operandi of online scammers, half the battle is won right there.
Avoiding Phishing Scams:
Phishing scams have on increase like wild fire. If you are a web user, I
can't imagine that you have not received an e mail with lottery winning
notification or someone in foreign country offering to split the loot with you
or an email from bank or stock broker asking to update your personal information
by clicking on the link provided in the email. What Phishing boils down to
is being
lured into giving your personal information by official-looking fake e-mails and
Web sites. Here's where the damage is done: Thieves can use your info to steal
your identity and empty your checking account, charge up your credit cards or
open new accounts in your name. The
Anti-Phishing Working Group (APWG) says the number of reported incidents of
the scam climbed 800% in the first six months of 2004, and a staggering 4000% in
the six months between November 2003 and May 2004. By June, the latest month for
which data is available, the APWG reports an average of almost 50 unique attacks
(attacks from different sources) per day. With mass e-mailings, each of those
unique attacks can potentially hit thousands, if not millions, of people.
Here's how to avoid phishing scams:
Legitimate companies do not ask for sensitive personal information via e-mail.
Do not respond to the phishing e-mails, fill out any forms asking for personal
information or click on the links contained in the e-mails. The links can direct
you to fake Web sites or force you to download a key-logger program that spies
on everything you type -- even into legitimate sites.
If you're going to enter personal or financial information on any site, check
that it is a "secure" site. Look at the address for the Web page where you enter
your payment information. The URL should start with https:// and you should see
an icon for a padlock at the bottom of your browser.
Be skeptical. Phishing e-mails often look like they are from well-known
companies such as Citibank, eBay and PayPal. Scammers use scare tactics to try
to get you to "verify" or secure your account. If you have any doubts about
whether the e-mail is real, go to the company's real Web site by typing its URL
into your Internet browser's address bar or by calling the company.
Paying with Credit Cards versus cash, check and/or money order
Too much has been made out about getting scammed online by providing your credit
card numbers to buy products and services. As a matter of fact, credit card
still provides a relatively secure form of payment should something go wrong.
Paying with cash -- by using a check, money order or the like -- leaves you
little hope of getting your money back should anything go wrong. When you pay
with a credit card, however, federal law limits your liability to $50 for
unauthorized purchases. Also, some credit cards have protection policies that
limit your liability to $0. This protection sometimes don't seem much in
lot of cases compared to hassle one has to go through when they are trying to
prove their case.
Here are some on the things you can do to get piece of mind while making
payments online:
- If you're not comfortable revealing your credit card number to an online
merchant, consider using PayPal or another payment service that shields your
account number from view. You'll want to check with your credit card issuer,
however, to make sure their fraud-protection policies cover the transactions you
make with a PayPal account and not just the funding of that account.
- Consumer can also consider getting a credit card with low credit limit and
with an option to be alerted when a transaction bigger than a specified limit
is made on their account
- Debit cards are a little better than cashier's checks and money orders, but if
you don't catch the fraud within a couple of days, your liability under federal
law is $500, not $50 as with credit cards. If you don't catch the fraud within
60 days, you could be out the whole amount.
- Don't let
Letting retailers store your credit card data on their servers. Hackers are
becoming more sophisticated in their attacks.
- Avoid storing passwords where others can find the.
Your eBay account password may not seem like top secret information, but
consider what access to it would provide someone else -- needed personal
information such as your address or the ability to make bids in your name, for
starters.
- Try having different password for every account . Make sure that your passwords are not any publicly available information such as
phone numbers or birthdates. Also avoid numerical passwords. Try using
letters and numbers in your account password.
- Don not write passwords on post it and paste them on the monitor or place
them under the mouse pad. And certainly don't save them in lists on your hard
drive.
- Stay up to date with computer security with up to date virus protection
and firewall. Keep downloading security patches when they become available to
help keep your operating system from becoming a victim to a malicious program.
Avoiding Unknown Online Businesses:
It is better to know people online who you are doing business with. Staying
with know outlets online using secure sites will keep you protected. However if
you must use unknown online business, check them out at the Better
Business Bureau or with a company such as TRUSTe. These agencies' logos on a Web
site indicate that the retailer follows recommended security and privacy
practices.
But some sites can trick you and appear legit by posting logos without adhering
to the standards. Make sure that when you click on the logos you're taken to the
appropriate site and then look up the company. It may be worth it to go with a well-known retailer that provides many ways to
contact them. Even if you're dealing with a legitimate smaller retailer, they
may not have the money to adequately protect your sensitive data.
Avoid Public Computers to Access Accounts
Avoid using public computers in shopping centers, library's etc to acccess
your accounts. But if you must, close the browser
after you are done so no one can look at the information you've accessed.
Check Monthly Credit Cards and Account Statements
Check any monthly bank and credit card statements that arrive in the mail,
but increase your vigilance by signing into your account online and reviewing
transactions on a regular basis.Check Credit Reports Regularly:
Consumer should regularly review their your credit report. It can alert to
a suspicious activity, such as accounts someone else has opened in your name.
Credit-reporting agencies such as Experian, Equifax and TransUnion are now
required to provide you with one free report a year.
Through the site (
Annualcreditreport.com) , or by phoning the toll-free 1-877-322-8228, you
can get one report each year from each of the three major credit reporting
companies -- Experian, TransUnion and Equifax. (The hearing impaired can use
the TDD service at 1–877–730–4104). AnnualCreditReport.com
is a centralized service for consumers to request free annual credit reports.
It was created by the three nationwide consumer credit reporting companies -
Equifax, Experian and TransUnion.
Well..!! if someone out there is really motivated to get your personal
information and scam you in the process, they likely will. However if you are
aware how your adverary is going to come at you and you are well prepared for
it, it is less likely that you will fall prey to scams and frauds online or
otherwise.
credit scams
|
