Online scams, these fraudsters have made too many people have sleepless nights, worrying about how to protect themselves. The country has tried severally to find a way of dealing with this problem but to no avail. Unfortunately, new technology has become the best way of scamming money from innocent customers. The records of theft keep on increasing year after year. But there are things consumers can look at in order to protect themselves against these hungry and greedy fraudsters.

1. Use a Tough-To-Crack Password

To begin with, it is very unfortunate that the fraudsters easily crack the numbers we use as our password. The more the simple the password is, the more it is simple to break. We can never assume that we are all safe from these thieves unless we take precaution measures. Therefore, set a password with at least eight digits or words long. By doing this, you will have made it very difficult for your password to be cracked by the online scammers.

Moreover, in an event where you have more than one website, you have to use a different password for each. This makes it complicated for the hackers. However, having many passwords might be very difficult for you to recall all of them, a password program like LastPass, which will help you get your password anytime you want to access them.

2. Don’t Give Out Financial Information

Whether a business or an individual reaches out to you via email or text to give out your financial information to them, you should never give them because they are sensitive information to you and should not be given out carelessly. These scammers can call and email you, claiming that they are a wholesaler, retailer, or they will claim that they are customer agents from a government institution.

More often than not, they will try to pursue you into giving them your social security numbers or credit card numbers; by doing this, you will have given them access into your accounts. They will take it as an opportunity to hack into your system, by realizing they would have made everything leave with a very big blow.

Additionally, your Credit Card Company or bank will never give you a call just to ask for your personal information. It would be best if you always were cautious with suspicious calls or emails that are more concerned about your personal information. Pay no attention to fraudsters and illegal moneylenders. Even if you are in urgent need of money, only deal with licensed lenders. Get more information at

3. Never Click on Hyperlinks in Emails

There are many cases where you receive an email from people and open them, then without even understanding what they want to rush to click on it. Many hackers use this method as a way of stealing from people, for example, they will send you an email and tell you to open an attachment or click on a hyperlink which will request your financial information. On getting this email, you should immediately delete them.

Pharming is a scam used by hackers to trick people into believing that they are the owners of a particular company or organisation, so in many a time, they will send you an email which will appear to be coming from your credit card company or bank, kindly do not react or attend to such like emails. It would be best if you always were careful about the types of email you reply to. The government, together with the Business Bureau, kindly advises the consumers to ignore and immediately delete any emails making a form of requests.

4. Never Wire Money to a Stranger

Although being one of the oldest tricks in the system, thousands of consumers still fall for this. In many cases, people tend to bewitch you and make sure that you fall into their trap, for example, you will receive an email from a rich kid who has lost his parents and they left him a considerable fortune. Because of how things are in their country, the rich kid asks you to help in transferring some billions of pounds. They will reward you handsomely as a way of appreciating; all they need is for you to wire them $10,000 to them.

Apparently, do not allow your situation to determine your downfall. Whichever circumstance you are, never receive an email from a wealthy person demanding you to wire them a considerable amount of money. It is always impossible to reverse money transactions made to a different country or trace it. Before you do any money transfers from your account make sure you have confirmed the party at which you are sending to, or it might be a fraud who wants money from you.

5. Don’t Be Blinded By Love

Many say that love is blind; to some extent, this may be believable. With the digital phase growing each day at an unprecedented speed, you might feel lonely and have your phone for a companion. You may be tempted to fix yourself a companion from those online applications. What starts as an innocent move may fast turn into an ugly scene where you will be defrauded and left without all you had.

A lot of cases where the older people have fallen victims of these people have continually grown. Besides, they target the most vulnerable. Who is more needy and vulnerable that the senior’s population?

Therefore, those who are looking for online love, be wary of those that are more interested in your financial situation than you. These are just fraudsters who are in your money, be careful with them.

Final Words

Financial scams are in every corner, both on and offline. Trade Commissions such as ScamAlart have come to the rescue of consumers against financial harm.  By following the above five tips, you can easily outsmart even the most cunning ones.