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5 Online Scams to Watch Out for in 2020

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As cyber-attacks become more aggressive and sophisticated, we become more vulnerable to identity theft and more. To avoid being a vulnerable target, it’s important to stay up to date on the latest online scams so you can learn how to identify them and avoid them. That’s why we’ve compiled 5 online scams to watch out for in 2020.  

Bank Scams

If you receive an email offering you rock bottom credit card rates or an appealing bank loan, you should be wary. Scammers will often send out emails that appear to come from the bank asking you to enter your account information and reset your password to get access to the deal. Banks will never ask for your personal information or financial information through an email. So if in doubt, you should always call the bank directly whenever you get an email that asks for your personal account information. 

CRA Scams

You also need to be careful when receiving an email from the CRA asking for personal or financial information. Fraudsters will often pose as CRA employees asking you to finish filling out forms with missing information. Hackers will also send emails saying you received a deposit with malicious links. If you get any messages from the CRA, it’s important to call them directly, never give out your information online.  

Dating Scams

If you’re looking for love online, you need to be careful here too. Dating scams have defrauded Canadians out of more than $20million in both 2018 and 2019. By using fake profiles, scammers try to gain the trust of their victims over a number of months before asking for money. Some dating scammers will go the extra mile, entering into a serious relationship with someone to steal their identity. If there are any red flags, you should pull a background check to ensure they are who they say they are.

Shopping Scams

Online shopping has taken the world by storm, offering a convenient way to get access to products all around the world. However, there are thousands of online stores out there that are fake and are designed to trick consumers into providing personal and financial data. Fake sites can obtain your credit card information and gain access to your money. Malicious links can also give hackers access to your valuable data. Whenever you shop online, it’s important to shop with caution. Only buy from well-known companies that have encryption and security.  

Bitcoin Scams

Pump and dump schemes, fake bitcoin exchanges, and fake malware are all just some of the Bitcoin scams you need to watch out for. Some companies have even created coins only to later abscond with all the investors’ money. So always be extra vigilant when dealing within the Bitcoin arena as it’s still a fairly new and grey area where you can easily be taken advantage of.

If you get caught up in an online scam, contact us at The Smith Investigation Agency and we’ll make sure the perpetrators are found and caught. 

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