Comparison Between Online And Offline Scams

Online and Offline Scams

Online and Offline scams can target any business, individuals, or governmental organisations. Fraud leads to comparatively high costs. The primary focus of scams is money, but when it comes to their secondary aim, that could be anything harmful like the erosion of public morality, diminished faith in an organisation, loss of stakeholders’ trust and market valuation, and many more. 

One excellent method to avoid these scams is operating with a trusted or licensed firm, broker, or financial institution. For example, HFTradingare regulated brokerage organisations that provide all trading services and products at low cost.  

Online and Offline scams Comparison

Offline Scams

When there was no internet, and no devices were available, scams or frauds also used to happen. Fraudsters and con artists are playing their roles long before computers and the internet came into existence. Frauds can be understood as an uncommon, time-evolving, imperceptibly concealed, and well-considered and generally carefully organised crime that can take place in various forms and types. 

Like online scams, there are plenty of offline scams as well. An offline scam can happen in the form of a phone call, door to door, or identity theft. For keeping yourself safe from these scams and frauds, there is a need to understand them first and then take action according to their activities. Here we will discuss some of the most popular offline scams of all time.  

You must have heard about protecting yourself from fraudulent online activities, but it is as essential to take care of offline frauds as online. And you are at high risk in comparison to online scams such as spyware and phishing.

Online Fraud and Scams

Online fraud is done with the help of the internet. The fraudsters use the internet to attack the victim through various methods. These scammers use different services and software to defraud victims or to take advantage of them. Each year these online frauds steal millions of dollars from victims and continue to fool people through various internet methods. 

Online scams and frauds can take place through various methods like social media, phishing e-mails, SMS messages, scareware, fake tech support calls, etc. The primary purpose of these scams ranges from scammer to scammer. But in most cases, the primary aim is to get money from the victim, and the secondary aim could be taking credit/debit card credentials, identity theft, etc. 

Online fraud is a fact for those who are doing business online. Every online business faces some fraud in their lifetime. These activities happen because there is so much information available on the black market. The price of these details depends upon the accuracy and the quality of the data. The hackers sell this information to third parties or the black market.

Types of Offline Frauds and Scams

  • Loss or theft of a purse or wallet
  • Stolen paper mail
  • Familiarity with access to information.
  • Dumpster diving
  • Corrupt people with access to information
  • Crash-for-cash scams
  • ATM skimmers
  • Courier fraud
  • Door-to-door fraud
  • Technology support phone call scam
  • Scam mail & offers

Types of Online Frauds and Scams

  • Phishing
  • Fake AV(Antivirus)
  • Scareware
  • Social Media Scams
  • Mobile Scams
  • Social Engineering Scams
  • Spoofing
  • Ransomware
  • E-Mail Account Compromise (EAC)
  • Data Breach
  • Business E-Mail Compromise (BEC)
  • Malware
  • Denial of Service
  • Charity fraud
  • Online gift card fraud
  • Internet ticket fraud
  • Trojan Horse
  • Counterfeit Websites
  • Pop-up Fraud 

How to Stay Away from Offline Frauds and Scams

If you have any intuition that someone will misuse your paper mails, then cancel your paper bills and physical account statements and opt for e-statements. Use a mobile app instead of using paper bills. Do not share your highly sensitive information with others like account no, passwords, and PINs. Try to avoid writing your passwords anywhere.

We know that there is no guarantee that one can avoid becoming a victim of fraud, but all we can do is stay alert and protect personal, financial, and professional information.

How to Stay Away from Online Frauds and Scams

  • Know the Scams
  • Activate a pop-up window blocker
  • Regularly check your computer for spyware.
  • Avoid downloading any program from unknown websites and sources.
  • Keep your Internet browser and computer operating system updated.
  • Make sure your anti-virus software is up-to-date.
  • Ensure your password’s security, and do not write them anywhere.
  • Change your passwords frequently.
  • Do not attend a call from fraudulent phone numbers.
  • Immediately close those websites and pop-ups which ask you for personal information.
  • Stay away from the offer that looks too good to be true.

Bottom Line:

In this world of the internet, there is a risk of scam and theft at every single step. If you want to keep yourself safe from these online and offline scams, you need to adopt healthy methods. Do not save your personal, financial, and professional information anywhere on the internet. And keep your passwords and PINs safe by remembering them. Please do not make the mistake of writing them somewhere.

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