5 common tricks scammers use
Each day newsfeeds and channels carry reports about people getting scammed in some way or the other. The FTC received more than 2.8 million fraud reports in 2021, amounting to losses of more than $5.8 million. More often than not, those who think they won’t fall for scams are usually the victims. So if you want to protect yourself from scammers, here are five common tricks to recognize: Free trials This trick includes offers of free one-month trials of products or services, such as teeth whiteners and streaming platforms. All the scammers ask you to pay is a small amount when in reality, they hide the fine print that obligates users to pay a monthly fee. Further, canceling these subscriptions may also be an expensive process. So before signing up for such trials, ensure that you read the fine print and do not fall for testimonials on the site. A reputable company will usually let you cancel, get out of a contract, and negotiate a refund. Influencer giveaways Tons of influencers on video streaming platforms carefully curate content for their subscribers. Occasionally, they may even plan giveaways. But hundreds of scammers create similar profiles and add links to comments announcing free giveaways for the winners of a lucky draw.