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What you need to know about scams and how to prevent them

What you need to know about scams and how to prevent them

What you need to know about scams and how to prevent them

Coins related to blockchain have recently become an issue. Statistics show that the number of reports of advertising (spam) phone calls and text messages increased by more than 20% in one year, the highest ever. Two out of three spam cases were about recommending loans or investing in stocks and coins.

This reporter also receives investment-related texts or phone calls 2-3 times a day from various places. It is a consulting firm located in Yeouido, and recommends investment because it guarantees 2-3 times the return. Once in a while you should be suspicious. These days, virtual and digital assets such as bitcoin and ethereum, which are called virtual currencies and cryptocurrencies, are becoming very hot.

This is the easiest way to know which coins are scams and which ones are not. Just search for the coin on Google or YouTube. If there are many searched pages, especially English sites, it can be said that the possibility of a scam is low.

As Chairman Seo Young-kyo said, “The amount of fraud damage caused by the similar reception of virtual assets is expected to increase by more than 1,272% compared to last year, approaching KRW 3 trillion.” This paper summarized the overflowing scams these days.

What is SCAM?

The term itself refers to the act of attracting investment by misleading investors with content that is different from the facts. A coin issued as a scam in a cryptocurrency is called a scam coin.

First of all, most of the scams are created for the purpose of fraud from the beginning. The goal is to set an impossible goal and guarantee high profits by saying that there is a technology that can solve it.

The reason scams are so successful is that they seem real and are approached unpredictably when you don't expect them. An incredibly good offer, a phone call to help repair your computer or a threat to pay money you never borrowed, a warning from a bank or a carrier stating a problem with your bank account, or even an online invitation for a 'friend' can be scams. have.

Scammers (credit scammers) use new technologies, products or services, and major events to create credible stories that convince people to give out money or personally identifiable information. They even force them to act as if they were government officials and use fake claims or threats such as fines, arrests or deportation to pay them.

These scammers also threaten to steal people's personally identifiable information from social media to create more legitimate claims.

How to prevent scams?

When receiving and handling unsolicited communications from people or businesses, you should always be mindful of the potential for scams, whether by phone, postal mail, email, or personal or social networking sites.

You have to figure out who your opponent is. If you've met someone you've met online or if you suspect the legitimacy of your business, you should take some time to observe. You can also search for photos with Google images or look at the cases of people who came across them through an Internet search.

It is better to delete suspicious text messages, pop-up windows, or suspicious emails without opening them. If you are unfamiliar with it, it is effective to verify the identity of the contact through an independent source such as a phone book or an online search.

Personal information must be kept safely. Lock your mailbox and destroy bills and other important documents before discarding them. Keep your password in a safe place. In particular, you should be very careful about how much personal information you share on social media sites.

Mobile devices and computers should be safely stored. Always use password protection and never share it with anyone. Be sure to update your security software and back up its contents. Be careful with Wi-Fi networks using passwords. If you need to use online banking or provide personal information, do not use public computers or Wi-Fi hotspots.

Choose your password carefully. Choose a password that is difficult for others to guess, change it regularly, do not use the same password for all accounts and profiles, and do not share the password with others.

Privacy and security settings on social media should be checked periodically. If you use social networking sites like Facebook, it's good to be mindful of who you're connecting to and learn how to use privacy and security settings to stay safe.

Be careful with requests for personal information or finances. Never send money, credit cards, online account information, or copies of personal documents to anyone you don't know or don't trust.

Be careful when shopping online. Beware of offers that are too good to be true, and it is always advisable to use an online shopping service that you know and trust.

Change your online password. If you think your computer or device has been hacked, you should perform a full system check using a trusted virus program. After the scan, you will need to change any online passwords you used on the computer.