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Jan 18, 2024 · Phishing scams. The most common and popular form of e-mail or text scam is phishing, where a user receives a message impersonating a person or organization they’re familiar with – an urgent ...
May 17, 2021 · Stories about scams are a weekly occurrence in the popular media, and scams have become one of the most common crimes globally. One report estimated the financial cost of fraud to the global economy at over $5 trillion per year (Gee & Button, 2019), almost 50% higher than the 2019 U.S. budget (about $3.5 trillion).
- Yaniv Hanoch, Stacey Wood
- 2021
Jul 27, 2018 · Most of us hit ignore or delete or toss junk mail in the rubbish knowing that these messages and solicitations are most likely so-called mass-market scams. Others aren’t so lucky. Scams cost ...
- You Scratch My Back…
- Like Lemmings Off A Cliff
- Little Steps
- Fomo
- They Seemed So Nice
Beware the principle of reciprocity. If someone does something for us, we feel more obliged to do something for them. Scammers use this type of “enforced indebtedness” to elicit an unwise action from their target. For example, someone offering you an exclusive opportunity to invest your money can be seen to be doing you a favour. That in turn makes...
Research shows that if a person believes other people are doing something, then they feel it must be okay for them to do it too. This is especially true when individuals find themselves in a pressured and ambiguous situation – such as a sales pitch. If a person on the other end of the phone tells us that 75% of people like us have signed up to this...
People like to think of themselves as being consistent and committed individuals. If we say we are going to do something, then generally we will, as failure to do so may dent our sometimes fragile self-esteem. Fraudsters take advantage of this by getting us to commit to little steps that then escalate in nature. For example, by simply getting peopl...
People are generally worried about missing out on an opportunity, perhaps for “the next big thing”. And if such an “offer” is for a limited time only, then the principle of scarcitysuggests that people are more likely to be drawn to it. When our freedom to be able to do something is threatened, we tend to react quickly to ensure that we don’t miss ...
The principle of similaritysuggests that we tend to like people who seem to be the same as us, and, in turn, we are much more likely to agree to a request from someone we like. Similarity can be as broad as an interest in financial investments or as fleeting as sharing some personal characteristics. Scammers take advantage of this and try to find o...
- Paul Seager
scams. Even less is known about how the nature or type of scam affects an individual’s susceptibility. Gaining a deeper understanding of these issues is the key to being able to develop preventive programs and reduce the prevalence of victimization. Here, we discuss some promising directions, existing gaps in current knowledge, and the need for
Dec 11, 2020 · December 11, 2020. Scams can target specific communities, but they affect people in every community. No matter what community you live in, or feel a part of, you can help protect yourself and your whole community against frauds and scams by using the FTC’s free resources. Whether you’re searching for information to help servicememembers ...
People also ask
Why do people fall for scams?
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Aug 16, 2023 · People experiencing mental health difficulties might be at risk of being scammed and potentially be a target for scamming because they may have: difficulty making decisions, increased impulsivity, experience of isolation, financial pressures and difficulties, increased online engagement, lower energy or motivation, reluctance to report a scam.
