{"id":8008,"date":"2023-05-29T12:01:21","date_gmt":"2023-05-29T02:31:21","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/think-youll-never-fall-for-a-scam-think-again\/"},"modified":"2023-05-29T12:01:21","modified_gmt":"2023-05-29T02:31:21","slug":"think-youll-never-fall-for-a-scam-think-again","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/think-youll-never-fall-for-a-scam-think-again\/","title":{"rendered":"Think you\u2019ll never fall for a scam? Think again!"},"content":{"rendered":"
It\u2019s no secret that scammers are getting more sophisticated. As this is an ever-evolving space, scammers are constantly developing new ways to part you with your hard-earned cash \u2013 and they cast their net wide.\u00a0<\/strong><\/p>\n While it\u2019s easy to think \u201cit will never happen to me\u201d, people who never expected to be victims of scams are actually among the most vulnerable to being taken advantage of. While the stereotype is that older people are the most likely to be scammed, Gen Xers, Millennials, and Gen Zs are actually more likely than seniors to report losing money to fraud.i<\/sup><\/p>\n The reality is scammers don\u2019t discriminate and people of any age or demographic who believe they are too smart to be tricked may be less careful and more likely to suffer a loss.ii<\/sup> \u00a0And the losses are considerable. Australians were expected to lose around $4 billion to scams in 2022.iii<\/sup><\/p>\n Here are some scams to be aware of that are doing the rounds:<\/p>\n One of the most common scams at the moment is where a criminal pretends to be a trusted brand or government agency getting in touch to collect personal information or demand a payment. You may be contacted by email, social media, phone call, or text message and they will often direct you to an official looking website.<\/p>\n It\u2019s easy to be taken in via text message as it can appear to be from a legitimate sender as the scammer uses \u2018alpha tag\u2019 technology to register a mobile number with a word or acronym \u2013 the ATO (Australian Tax Office) for example.<\/p>\n Beware of clicking on links and if you get a text message or call that doesn\u2019t seem right, you can find the official contact details on the company\u2019s website and call them to verify the scam.<\/p>\n Scammers prey on consumers and businesses that are buying or selling products and services.<\/p>\n As a buyer you may pay the money and never receive the goods you have paid for. To protect yourself be on the alert for scams \u2013 if the advertised price looks too good to be true, it probably is. For rental properties or holiday accommodation, only use reputable online booking agents.<\/p>\n As a seller, you may be tricked into believing the buyer has paid in full or even paid over your advertised amount, including sending falsified payment receipts to support their claim. The buyer may then request a refund for overpayment. To protect yourself, don\u2019t accept a mobile payment from someone you don\u2019t know and never accept or refund a deposit for more than the selling price.<\/p>\n False billing scams request you or your business to pay invoices for services or supplies you did not order so always double check and query demands for payment if in doubt.<\/p>\n Dating and romance scammers often make their approaches on social media or dating sites and will go to great lengths to gain trust. Protect yourself by never giving money or goods of value to someone you have never met in real life.<\/p>\n Scammers also appeal to our emotions by impersonating genuine charities to ask for donations after natural disasters or major events. To avoid being scammed approach charity organisations directly and check an organisation\u2019s credentials on the Australian Charities and Not-for-Profits Commission<\/a> (ACNC) website to see if they are a genuine charity.iv<\/sup><\/p>\n These include when a scammer gains access to your personal information by using technology.<\/p>\n Consider using multifactor authentication, a security measure that requires one or more proofs of identity to grant you access to any applications you use regularly and change passwords regularly, making sure to choose secure passwords.<\/p>\n Taking a little extra care to be aware and alert to the possibility of being scammed could save you a lot of heartache. Of course, we are here to help if you think something may be a little suspect.<\/p>\n i https:\/\/consumer.ftc.gov\/consumer-alerts\/2022\/11\/fraud-reports-and-losses-not-just-grandparents-story<\/a><\/span> The post Think you\u2019ll never fall for a scam? Think again!<\/a> appeared first on MLC Contemporary<\/a>.<\/p>\n<\/div>\n<\/p>\n
Texts or calls from a trusted brand<\/h3>\n
Buying and selling<\/h3>\n
Tugging on the heart strings<\/h3>\n
Attempts to gain personal information<\/h3>\n
ii https:\/\/www.finrafoundation.org\/sites\/finrafoundation\/files\/exposed-to-scams-what-separates-victims-from-non-victims_0_0.pdf<\/a><\/span>
iii https:\/\/www.news.com.au\/finance\/money\/costs\/australia-to-cop-4-billion-scam-loss-in-2022-according-to-scamwatch\/news-story\/890e469b4b05a6c950e3cb6b4f83f56c<\/a><\/span>
iv https:\/\/www.acnc.gov.au\/charity\/charities<\/a><\/span><\/p>\n