Take care of your personal savings! Learn how scammers work

According to the fraud unit of the Peruvian National Police, in 2023, more than 700 cases of fraud involving more than 19 million soles have been registered in the country so far.

“Savings protection has become a crucial priority, especially in the digital age where transactions are more frequent,” commented Ricardo Asmat, personal finance specialist, at the “Protect your savings: financial fraud” workshop at Estar Bien from Rímac.

“Just as important as making money is not losing it. Fraudsters take advantage of people’s lack of knowledge, emotional vulnerability and naivety to achieve their goals,” he added.

How do scammers work?

In this sense, share the most common types of scams:

1) Offers are too good to be true

Scammers often present irresistible offers such as high financial returns, exceptional discounts, etc. In these situations, you need to act cautiously and verify the authenticity before handing over your resources.

2) Win prizes or raffles where you did not enter

Scammers call people to inform them that they have won a prize or drawing they claim to have entered. They will then ask you to make a payment or provide personal or financial information in order to redeem it.

3) High returns due to attracting new investors

Pyramid schemes promise extraordinary and quick returns through investments in businesses or projects. These scams stay afloat with money from new investors, but eventually collapse, leaving most participants with significant losses.

4) Warn about e-mails that lead to dangerous sites

Phishing is a common technique used by fraudsters to obtain sensitive information. Be careful with emails that look authentic but redirect you to suspicious websites, so you should avoid providing personal or financial information. This can also be done via WhatsApp or text messages.

Another important factor to be aware of is the fact that criminals, in addition to not providing very clear information about their offer, try to make victims make a quick decision by creating urgent situations.

As a final recommendation for investors, the golden rule is “don’t put all your eggs in one basket”. Investments must be diversified not only as a strategy to avoid economic risks related to the activity, but also for security,” Asmat pointed out.

Leave a Reply

Your email address will not be published. Required fields are marked *