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How to Avoid 10 Feared Financial Scams – Part 3

How to Avoid 10 Feared Financial Scams – Part 3

On our last post we continued with the important series about how to protect yourself and your finances from known financial scams. We’v already discussed the first six out of ten most common scams of 2012, so now let’s continue with the remaining four on our list.

Let’s start.

7. Virus-fixing scams:

Viruses are some of the most dangerous and harmful elements that affect computers, so staying clear of them is a sound strategy to keep your computer safe. However, virus are not the only threat: According to the Microsoft Scam Defense Survey, alerts for antivirus threats exist and many times even emulate real programs. These are the second most common type of scams out there that people tend to face online.

Scammers in particular tend to be very skillful at creating legitimate-looking pop-up windows on the web that usually offer programs or games for free, as well as offering personal loans or antivirus software that claim to protect your computer from viruses, phishing emails and so in order to keep your computer free fro infections. the problem with this of course is that most of these offers are for the exact opposite: Scams, viruses and other malware that can instantly infect your computer and get a lot of personal and financial information from you in an illegal manner.

In order to protect yourself from these scams, not only you have to be very careful online, you will also have to be very wary of phone calls or emails from so-called “technicians” that might claim to work for well-known computer companies. If you ever get any of these calls, simply hang up the phone. Microsoft or any other reputable computer company will never ask you for this.

8. Fake locksmiths:

Perhaps one of the most dangerous cams out there is also one of the simplest ones: Scammers advertising their services as local locksmiths tend to offer their phone numbers and provide names that are easy to remember, like “Emergency Locksmiths” and such. then, when they visit you to fix your locks, not only will they charge you unnecessary additional fees for fixing your “special” door or lock, they might even keep copies of these locks for themselves and rob you later.

Because of this, always double-check the identity of any locksmith out there and never allow then in your home unless you are completely sure of it. Otherwise you might spend thousands repaying the personal loans you will have to acquire to undo the harm they do to you.

9. Penny auctions:

In order to save some funds, a lot of budget hunters tend to simply skip eBay in order to go for penny auctions, which are websites offer similar services to eBay but that are of dubious reputation and that claim you can get excellent deals on items that tend to be high-priced. One of the major drawbacks of penny-auctions is that shoppers must pay for their bids regardless if they win the product. Even then some people consider these to be good deals, and because of that they end up paying a lot more than the objects worth.

In order to avoid this, the best course of action is to simply go to eBay or other reputed online auction sites and to stick to them.

10. Social network scams:

These kind of scams operate just like the phishing email scams we mentioned on our first article in this series. Usually, you receive a message from another member form your social network that has a link to another website or something of the sort. These links are malicious of course and can get your account attacked by viruses and other malware.

To avoid these, make sure to equip your computer with the latest anti-virus software, with spam filters and also to enable its firewall.

There you go. That concludes our series of the ten most common scams that can directly affect your wallet and your information. Make sure to read our previous entries once again if you have any doubts and remember. Be safe!