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Saturday, 28 January 2023
Why Do We Fall For Scams? – A Discussion on How to Avoid Losses

Why Do We Fall For Scams? – A Discussion on How to Avoid Losses

2022-10-31

Social media has become an integral part of everyday life, connecting people from all over the world. With this connectivity comes scams. Scams come in all different forms, but they all have one thing in common: the perpetrators are looking to take advantage of people. Sometimes, that’s just a quick buck; other times, it’s much worse.

If you’ve ever been the victim of a scam, you know how it feels. You feel duped, and you feel stupid for falling for it. But why do we fall for scams in the first place?

The answer to this question lies in our psychology.

The way we think is influenced by our past experiences, and our past experiences are shaped by our environment. In other words, our psychology is largely shaped by our experiences. Because of this, scams happen because the perpetrators understand how we think and what will make us susceptible to their schemes. But how can we avoid falling for scams in the future?

Recognize the Red Flags

Before we can prevent falling for scams, we need to be aware of the red flags that indicate a possible scam. Red flags are subtle yet unmistakable warning signs. They indicate that a potential scam is worth avoiding and point us in the direction of potential perpetrators.

Here are a few red flags that indicate a scam and should be heeded:

An email or text message that seems too good to be true.

The email or text message asks you to send money or give your credit card number in order to receive a prize or a “free gift” in return.

The person asking you to send money or give your credit card number claims to be a friend of a friend.

A person you’ve just met who asks you for money, a “finder’s fee,” or personal information.

Build trusting relationships

One of the best ways to prevent being a victim of a scam is to build trusting relationships. Trust is crucial when it comes to online relationships, and it’s something that can take time to build. But how does one build trust in the first place?

 
 
 

One way is to establish a trusting relationship with a trustworthy person. This can be done by telling your friend or family member about your experiences with the person and letting them decide if the person is trustworthy.

Another way to build trusting relationships is by sharing personal information. This can be limited information such as your interests, favorite things, or people you know. Or it can be as simple as sharing your birthday with a friend or saying where you were born.

Sharing this type of information builds a relationship of trust between you and the person who has access to it. As time passes, the person will have a better understanding of what you like and can use this to manipulate or scam you.

Don’t respond to emails or calls asking for your personal information

Many times, scammers will target someone you know. They may send an email or text message asking you to forward a message to a friend or family member.

Do not respond to these messages. It is better to ignore these requests and report them as spam if you do receive them. If a friend or family member asks you for your information, be sure to alert them to the potential scam.

Also, do not give out your personal information to anyone unless you are certain about the person.

Avoid being a victim of “stranger danger”

One of the most important steps that you can take to avoid being a victim of a scam is to avoid being a victim of “stranger danger”. This means making sure that you know who you are talking to and that you are comfortable with who is on the other end of the conversation.

If someone you just met asked you for money or for you to send money to an account that they opened, contact the authorities immediately. Be wary of anyone that you do not know and do not feel comfortable meeting in person.

Bottom line

The best way to prevent being a victim of a scam is to be aware of the red flags. These red flags include an email or text message that seems too good to be true, a request for you to send money or give your credit card number in order to receive a prize or a “free gift” in return, a person who claims to be a friend of a friend, or a request for your personal information.

Above all, build trusting relationships and do not respond to emails or calls asking for your personal information. Finally, avoid being a victim of “stranger danger”.

 

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