University IT » Security » Protect Yourself
Scams
- Am I at risk?
- Tips on how to avoid common scams
- Top 10 Scams of 2006
- What's your Scam Awareness IQ?
- More information
- Related topics
Am I at risk?
As much as we all like to believe that everyone is kind-hearted, the truth is that many individuals take advantage of this belief by scamming people. In 2006, Americans reported a total loss of $198 million due to Internet fraud! Sadly, close to 20% of those scams were committed against New Yorkers. And one quarter of the complainants were age 20-29--mostly college students like you.
In other words, you are in one of the most at-risk demographics for scam victims in the nation! The best way to avoid becoming a scammer's next victim is to be skeptical. Many scam artists use a technique called "social engineering" to manipulate people into letting down their guard and revealing confidential information. Remember: if it sounds too good to be true, it probably is.
Tips on how to avoid common scams
Below is a list of scams that continue to be the most common year after year. Included are brief descriptions of how victims are lured in and some tips on how to avoid these scams.
-
Scholarship Scams
--one of the easiest ways for scammers to fool students is
to create fraudulent scholarships which require you to pay
some kind of fee.
TIP - Real scholarship
programs do not require any kind of application fee in
order to be considered by a committee. They also
do not require you to pay taxes or a disbursement or
redemption fee before releasing your scholarship prize to you.
-
Educational Loans
--some scams offer unusually low-interest educational
loans which require you to pay a fee before receiving a
disbursement check. After you pay, the promised loan never comes.
TIP - Real educational loans
deduct any fees from the disbursement check so there are
no up-front fees.
-
Internet Auctions
--many scammers post items for sale in virtual
marketplaces, then once they receive money from consumers,
they either send a less valuable item or nothing at all
to the customers.
TIP
- When bidding through online auctions, check the seller's
record and pay using an escrow service or credit card so
that you can inspect the item before payment and dispute
charges for misrepresented items. Also avoid international
sellers.
-
Credit Card Fraud
--many scammers will lure people into disclosing their credit
card information by claiming they need it to ensure that the customer
is at least 18 years old, then use their credit card numbers to run
up fraudulent charges.
TIP
- Only share your credit card information with a trusted
company on a secure site and dispute any unauthorized
charges on your card.
The Top 10 Scams of 2006
According to Consumer Affairs, these were the top 10 scams in America for 2006:
- Fake Lottery
- Phishing-Vishing
- Phony Job Scam
- Negative Option Scam
- Nigerian 419 Scam
- Pump & Dump Scam
- Bogus Fuel Saving Devices
- Grandparents Scam
- Oprah Ticket Scam
- Craigslist Scam
What's your Scam Awareness IQ?
Now that you've learned about common scams and how to avoid them, test your new-found skills with this OnGuard Online quiz!
