Skip to content Skip to sidebar Skip to footer

How To Prevent From Falling Victim To Online Scams

Cyber crime is at an all time high and knowing how to get money back from a scammer UK is a sought after topic in 2021. Over £190,000 are lost in the UK a day according to police statistics. Millions of victims are being scammed over social media and “phishing” techniques that expose your email address.

Action Fraud which is ran by the City of London police have advised people to create seperate passwords for their various accounts. Over £34.6m was lost between the months of April and September in 2018, this was a 24% increase on the previous 6 months.

More than 5,000 people are hacked monthly through their social media accounts and email addresses. The amount of people scammed is estimated to equal over £14.8m.

Cyber criminals use social media to their advantage by creating fake profiles with an inflated following to appear legitimate. The allure of joining a money making opportunity that pays large sums of money can blind unsuspecting victims to scams.

Cyber Scams in The United Kingdom

romance scams uk compensation

While surfing the world wide web, there are a few cyber scams you must be aware of. Today we will cover a few schemes that cyber criminals use in order to scam people out of their hard earned money.

Romance Scammer Stories UK

Romance scams have been happening since the 90’s and with the rise of social media, criminals are taking full advantage of the access they have to millions of unsuspecting and lonely people world wide.

Cyber criminals lurk on online dating apps, pretending to be a potential partner with intentions of robbing people for their money. Although dating apps are meant to be used to find potential suitors and friendships, criminals prey on these platforms daily.

These con artist will create fake profiles and lure in victims by establishing a romantic relationship and then begin extorting their mark for thousands of dollars.

How to Spot a Romance Scammer

Online dating scammers are masters of manipulation and their number 1 goal in the beginning is to establish trust. The fraudsters all move in the same way, here are a few tall-tale signs that you might be dealing with a romance scammer.

The first redflag you might notice is their confession of falling in love with you although they have not met you in person yet. Romance fraudsters are known to show strong emotions in short amount of time. This technique is used to extract personal information from you such as email addresses and credit card numbers.

More signs of a romance scammer include asking to borrow money for emergencies, hospital bills, or travel. If you encounter a potential dater asking you for money, more than likely they are trying to scam you.

If you have gotten conned through a romance scam, there are asset recovery specialist who can help you reclaim your money. If you or somebody you may know have been scammed, report to asset recovery specialist immediately.

Forex And Binary Signal Scams

social media scams

Forex trading and Binary options have been gaining popularity amongst citizens in the UK, New Zealand, and Singapore.

Binary options is a type of options contract that pay out individuals by guessing whether an asset will raise or fall in value. A binary option does not give the holder the right to buy or sell the asset. Once the binary option expires, the option holder either earns a specified amount of money or nothing at all.

The simplicity of earning money in this fashion is what entices people to join binary option signal trading. Finding a legit platform is where most people fall victim to cyber scammers. The fraudsters will create a fake website impersonating a license broker while stealing your identity and the money you used to fund your account.

Forex Trading Scams In The UK

Forex trading is the world’s largest trading market. The market is open 24 hours a day, once trading ends in New York, trading begins in Hong Kong and Tokyo. Due to the constant price fluctuation, forex trading can bring individuals or companies large returns on their investments.

The forex market is extremely vulnerable to scams and fraud because there is no centralized exchange. Another reason why forex markets can lead to scams is because of the ability to trade from your computer, this is referred to as over-the-counter trading.

There are a few popular scams that you should look for when dealing with forex trading. The first scam is called “signal sellers”. The signal sellers are people who sell insider trading information about selecting the next profitable trades. New traders are very susceptible to this scam because of their lack of experience.

The next frequently seen forex trading scam is trading software. Scammers offer novice traders software that promises big gains with less risk. These programs are often simple analytic tools that are meant to process data.

How to Get Money Back From a Scammer UK

how to get money back from a scammer uk

If you have fallen victim to any of the scams that were listed, here is how to get money back from a scammer UK.

The first thing you can do on your own is to ask your credit card company for a chargeback. The majority of the time the banks will side with you while refunding your money.

If you’re unable to get your money this way, you may have to hire an asset recovery specialist to retrieve your money. Cybersphere Security is the global leader in investigating and recovering financial losses due to cybercrime and fraud.

Fraud investigations aren’t as straightforward as it is offline. Due to regulations and certain laws can make government and police useless in helping recover lost funds through cyber fraud.

The reason why Cybersphere Security is the global leader in cyber fraud investigations is their access to highly trained auditors who can trace the tracks of cyber thieves. Don’t wait another day to contact professionals that can recover your hard earned money.

Reporting cybercrime and bringing cyber criminals to justice betters the entire online community. With so many fraudulent schemers robbing innocent people of their livelihood, bringing them justice and peace is what Cybersphere Security prides themselves in.