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Friday, March 29, 2024

8 Types of Common Online Scams and How to Avoid Them –

In the US alone, almost 70 million people lost their money to online scammers in 2021 (around 21% of the population). In other words, in every 5 people, at least 1 of them has fallen into online fraud!1

Similar scenarios are also happening around the world, especially after the Covid-19 pandemic. The reported fraud incidents in the UK have risen from 53% in 2020 to 61% in 2021.2

In Asian countries like China and Thailand, online scams are one of the major concerns for citizens’ security as well.

The rise of this problem pushed China to legitimise a new law in an effort to prevent telecom and online fraud in September 2022.3

As per Thailand, in 2022, the Ministry of Digital Economy and Society found and closed 6,024 illegal URLs and up to 58,463 bank accounts intended to commit online fraud.4

Since online frauds and scams are global, DeeMoney believes it is…

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