subject: Internet Scams You Should Be Aware Of [print this page] The Internet has really made things easier for people. Bank clients can perform transactions with just a push of a button and consumers can purchase items through the Web. However, the Internet has also helped identity thieves and scammers in making their work faster and more effective. They operate within websites and try to steal any information you key in those sites. You must be wary of these schemes because you might be taken by surprise.
With the use of the Internet, individuals and companies can talk about transactions via chat. However, these chat rooms may not be safe as internet fraudsters have the ability to sneak in to your live chat room and read your conversation.
They will take note of all important information they can get and use them against you. It is an easy task for these fraudsters to create and use a believable email to enter chat rooms and your shareholders or company agents probably will not able to pinpoint which are true clients and which are not.
Internet scammers also have the skills to create their own website that disguises itself as a banking, trading, or insurance company. They may also include fake transactions, deals, bulletin boards, chat, online information sheets and even members for you to browse on their site. What is worse is that they actually seem very real. All of these tools only charge them relatively cheap fees compared to the amount of money they can get from their victims.
Remember to be vigilant at all times, especially if your money and identity are at stake. The most common Internet frauds often fit to one of the groups below:
The "Pump and Dump" Scam - You probably notice an email posted online that asks a stock purchase in their company. What they are really doing is get "inside" information concerning an expansion to make use of "reliable" supply and financial information for future use. They force these susceptible investors to promote and fund their shares while they sell their shares. After getting what they want, they leave the small company behind leaving them in near-bankruptcy. This type of scam is common in little, thinly-traded companies because there are little or no details to be obtained regarding the company.
The Pyramid - Beware of emails like "Making Big Money Using Your Home Computer!!" or other advertisements which gives a disillusioned idea of making money. In actuality, these offers are nothing more than a "pyramid system" where a participant aims to earn more money by recruiting new contributors into his program. Better stay away from these schemes and earn your money your own way.
