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Fraudsters are becoming increasingly cunning, employing new tactics to prey on unsuspecting victims.
Cybercriminals set up counterfeit storefronts, offering highly sought-after items at unbelievable prices. (Representative image)
As Halloween approaches, it’s not just ghosts and ghouls lurking in the shadows—digital payment scams are on the rise too. Payments company Visa has shared expert tips to help you navigate this spooky season safely, encouraging everyone to be a Satark Nagrik (vigilant citizen) against fraud.
In an age where online transactions are the norm, fraudsters are becoming increasingly cunning, employing new tactics to prey on unsuspecting victims.
Visa has identified five emerging scams that every online shopper should be aware of this Halloween, along with tips to protect yourself from falling victim to these tricks.
1. Pig Butchering Scams: Fraudsters are utilising social media and dating apps to scout potential victims, building trust before luring them into fake cryptocurrency schemes promising high returns. Visa advises against trusting unsolicited investment offers and emphasises the importance of verifying any opportunity before investing. Remember, if it sounds too good to be true, it probably is!
2. Inheritance Scams: Scammers often masquerade as lawyers, ensnaring victims with fake inheritance claims. They request personal information or upfront fees to release the funds, often using a ‘test transaction’ to appear legitimate. Visa urges individuals to verify any such claims through official channels before sharing sensitive information.
3. Humanitarian Relief Scams: In times of disaster, fraudsters exploit people’s goodwill by creating fake charities and pressing for emotional donations. Visa recommends donating only to verified organisations with reputable websites and secure payment methods.
4. Triangulation Frauds: Cybercriminals set up counterfeit storefronts, offering highly sought-after items at unbelievable prices. These scams can lead to stolen payment information and unfulfilled orders. To stay safe, Visa encourages shoppers to use secure payment methods, such as tokenized credit cards, which offer added protection and recourse.
5. Phishing Scams: With the rise of AI, phishing scams have become more sophisticated, tricking consumers with realistic delivery messages and malicious links. Visa advises vigilance; always check the sender’s details and verify links before clicking.
This Halloween, don’t let fraudsters turn your treats into tricks! By staying informed and vigilant, you can enjoy the festivities without falling victim to scams. Remember, with a little caution and awareness, you can keep your digital payments secure and celebrate the spooky season worry-free.
