What is a scam? Our video transcript

And what you can do to avoid them.

00.00 – 00.19   – How to spot a scam. And what you can do to avoid them.

00.20 – 00.40   – What are Scams? A scam is a scheme to con you out of your money. It can appear in many different forms. Fake website, Identity Theft, Vishing Phone Calls or Text Messages, Phishing emails. 

00.41 – 01.08 – The Scale of the Problem. Where are Scams Happening? All Over the World. How many people are affected? A lot! 65% of internet users in the US received a scam offer in 2013...but only 15% reported it to the police. You have mail!

01.09 – 01.16 - Have you received an email like this? 

Email: Rohyt Tunde, Request

Dear Sir,

Are you busy? I need you to process a wire transfer for me today. Let me know when you are free so that I can send the beneficiary’s details.

01.17- 01.27 – It’s a scam known as CEO fraud. That’s cost businesses over $2 billion in less than 3 years. That’s an increase of 34%. 

01.29- 01.57 – How to spot a scam. So how can you tell if your being scammed? Look out for these signs. 1. Being contacted out of the blue. 2. Being made an offer that sounds to good to be true. 3. Being asked for your bank details or an upfront payment. 4. Being pressured to make a quick decision. Sounds scary! But there’s actually a lot you can do. 

01.58 – 02.34 – Staying safe from scams. Don’t open suspicious looking emails, attachments, texts or pop-up windows. And make sure your web links are secure before entering payment information. Memorise your pin. And never give out your bank details, passwords or personal information to someone you don’t know.