In an increasingly interconnected world where technology has become an integral part of our lives, the threat of online fraud looms over every user. From phishing scams to identity theft, online fraud takes many forms that affect several individuals. At least in the US, one in ten adults will fall victim to a scam or fraud every year. However, armed with knowledge, vigilance, and the proper tools, you can defend yourself and reclaim your online security.

Internet scams like phishing, identity theft, bank fraud, spam, holiday scams, and dating scams can result in million-dollar losses. Therefore, it's up to you to maintain yourself knowledgeable and safe.

Top Scams:

1. Phishing Scam

One of the most common, well-known types of scams out there. This scam involves emails or messages mimicking organizations (like banks, universities, or retail stores) you deem legitimate, designed to trick individuals into sharing sensitive information like passwords, credit card numbers, or social security numbers.

Phishing Scam messages may often:

• Say you need to confirm or update personal information
• Claim there's a problem with your account or payment information
• Offer a coupon for free goods or services
• Say they've noticed suspicious activity or log-in attempts on your account

Don't stress! There are ways to avoid them:

• First of all, Phishing emails often have typos and grammatical errors. Do not gloss over the text, but actually read the entire mail that requests a response or action on your part.
• Be cautious with emails. Never click the links you can't independently confirm. Instead, hover your mouse over the link to see the URL before clicking. If the link looks suspicious, don't click on it.
• Legitimate organizations will never ask for sensitive information like passwords, social security numbers, or credit card details via email. Avoid providing such information through email or other unsecured channels.
• Finally, verify the source. Double-check the sender's email address and ensure it matches the official email address of the organization they claim to represent.

2. 419 Fraud

Also known as the Nigerian letter scam is known as one of the most common scams on the internet. This scam is one you will likely see in your inbox. It is a type of scam where deceivers promise a large sum of money or a valuable item to victims in exchange for an upfront payment or fee. Nigerian letter scammers may also claim to be a member of a wealthy Nigerian or another West African family, reaching out to you personally after the death of a loved one. Although this is one of the oldest scams, it is still circulating, and scammers have been able to adapt to keep deceiving their victims. Nowadays, it is common to receive emails from CEOs or high-ranked personnel insisting on you paying an overdue invoice. Another popular version of this scam tricks victims into thinking they got a job and convinces them to pay for office supplies.

• Again, read the email thoroughly. These emails usually address you generically, contain errors, and the email does not match any organization.
• To avoid 419 fraud, you should never respond to these requests or volunteer your bank details. And you should report the said scam. If you encounter a potential 419 Fraud or any other scam, report it to your local law enforcement authorities, your country's fraud reporting agencies, or the appropriate online platforms.
• You should also never send money upfront. Scammers often use various excuses to convince victims to send money, such as processing fees, legal costs, or taxes. Legitimate transactions typically involve a more secure and verifiable process.

3. Artificial intelligence Scams

One scam that has recently appeared and is now quickly catching on is artificial intelligence scams. For all its perks, AI is also a powerful tool to do wrong. Most recent scams involve the exploitation of AI technologies to defraud individuals.

These scams can take various forms, such as:

• Deep Fake Scams use AI to manipulate or generate realistic-looking audio and video content. Scammers may use deep fake videos or audio to impersonate someone known to the victim, such as a family member or a business associate, to deceive them into providing money or sensitive information.
• Deceivers may use AI-powered chatbots to engage with victims and gain their trust. These chatbots can simulate human-like conversations, making it difficult for victims to recognize they are interacting with a machine. The chatbots may request personal information or persuade victims to make payments for fake services or products.

These scams may be a bit trickier as AI has just recently appeared, yet there are still ways to protect yourself from being deceived.

• First, you should be cautious of fake or unrealistic claims. Be skeptical if someone promises extraordinary results solely based on AI technology. Remember that genuine AI systems are not infallible and cannot guarantee foolproof outcomes.
• Stay informed about deep fake technology and familiarize yourself with its implications. Be cautious when receiving media content that appears suspicious or out of character.
• Practice good cybersecurity habits, like staying updated with the latest security measures.

Now that you know some of the most common internet scams, remember scammers are constantly evolving their tactics. It is important to stay vigilant and skeptical.

Do not fall for scams! Stay informed and use common sense.