With the rise of the internet and the availability of a platform that allows people to seamlessly connect with each other, numerous scam artists have found the perfect medium to help them carry out their notorious schemes and swindle innocent people out of their hard-earned money. Scammers are becoming more and more ingenious with the passage of every day, and are constantly finding new ways to manipulate people into parting with hefty amounts of money. Such scam artists usually impersonate another person and convince you to part with sensitive information that pertains to your credit cards or bank accounts. They might either pose to be someone who is trying to help you out of a non-existent threat or pose to be a figure of authority who might threaten you to divulge information, lest you want to face legal consequences and punishments. The gravity of the threats that scam artists pose can be better understood with the help of the following account that took place back in 2018.
How a scam artist got the better of me
“I am a person who has never been a great fan of credit cards owing to the numerous stories of bad credit that I had heard over my 52 years of life. However, back in 2018 I was finally convinced into getting a credit card for myself owing to the fact that I had recently spent a lot of money in buying a house completely with cash and the credit card served as a financial backing at a time I was really short on money in my bank account. However, one morning in June I received a call from a person who claimed that my credit card had been cloned and that they had received notifications hinting fraudulent transactions being committed from this cloned credit card of mine. The person went on to further elaborate the many grave implications that the situation might cause me and also gave me a vivid account of 5-6 different transactions that I had not done, but they have received information about. Being unaware of the intricacies of credit cards and the fact that such fraudulent activities were possible it was quite obvious that I was immensely spooked.
The man went on to tell me that all of these transactions would be reversed and that I would be provided with a new credit card with new details, but in order to authorize that I needed to verify that I was actually the owner of the actual credit card. He asked me for sensitive details that pertained to my credit card like the card number, CVV and pin and in my state of panic; I thought little and provided him with the information. By the end of this conversation, the man said that everything has been verified and that I would soon be receiving an OTP or a one-time password on my registered mobile number, which I need to provide to the person on call to finalize the card replacement. Soon enough I received the OTP and gave it to the man and to my utmost horror I saw that my credit card had been overdrawn that very instant and that I was met with an engaged tone on the telephone. I tried calling the number numerous times after that but to no avail. The call never got connected. It was then that I realized I had been tricked and fallen prey to the shenanigans of a scam artist.” -Anonymous Contributor
Keeping yourself protected
The first and foremost trick to keeping yourself protected from the nefarious attempts of scam artists is to practice some basic yet important steps when contacted by such suspicious people. In this persons case, he should have realized that no bank calls their customers to verify their credit card ownership in the manner the person calling him had done. Some other tricks that you can practice include never to trust the words of a complete stranger, never to panic, never to rush to conclusions of actions suggested by the caller, not to get carried away by greed, never to partake in a scheme that seems dodgy and never to let another person collect money on behalf of you. Making sure that you do not carry out financial transactions on a public internet connection is another great way of saving yourself from such scammers.
Finally, if you have been duped already, the next best thing that you can do is raise awareness regarding the matter. Remember, that had you had proper knowledge regarding such incidents, you would never have fallen for the stories of such a scam artist in the first place. Therefore, we encourage you to come visit our website Ripoff Scams and report the incident that took place with you. By reporting the details of your incident, you help raise awareness about such scam artists and prevent other innocent people from falling prey to similar tactics that had been carried out upon you. In order to stop these unscrupulous people, we need to make everybody aware that they exist and the kind of tactics they use to scare or manipulate innocent people!