Even as the world is in the grip of a pandemic, online scammers are trying to fool people and get hold of their money. These scammers were always there, just that they are now finding newer avenues to dupe people taking advantage of their fear of uncertainty. These scams have also gone up because people are now spending a lot of time online. Here are some of the COVID-19 scams you should stay away from.
1. Phishing scams: Google has seen a sharp rise in the number of phishing mails in the recent past. Phishing is nothing but a fictitious organisation sending emails or creating webpages of a legitimate institution like the government, a bank, and so on. These are used to lure individuals to provide sensitive data such as personal information, bank details and credit card details. While you may be asked to provide that information, sometimes when you click on such an email or link, some malicious software or malware is downloaded to your device which may steal your sensitive information such as OTPs and passwords. These emails could be about anything to do with you bank, health advice, communication from the government, communication from your employer and so on. You should never give out your personal information when requested on an email. Also, do not click on emails which look suspicious or where you are not sure of the sender. Remember that phishers create email and websites that closely resemble the original one.
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2. Insurance scams: The lockdown has meant that people are now more likely to buy life and health insurance online. Scammers are selling fake insurance products online. The insurance policies will come with a low premium and added benefits to fool people. Before buying an online insurance product you should always check if the company is registered with IRDAI or if the insurance agent or intermediary is registered with IRDAI. LIC has meanwhile warned its customers to stay away from calls in the name of their agent. If you get any such suspicious calls or emails you should intimate the concerned insurance company as well.
3. Fake donation requests: They are phishing scams, but in this case you are asked to donate for a cause. It could be to buy equipment for doctors or to feed the needy. While donating for a cause is a good thing to do, be very sure of the organisation or the NGO you are donating too. Donate to only to government funds or trusted NGOs. Make sure that the email matches with the official email.
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4. Fraudulent products: Many websites are offering COVID-19 security kits which consist of sanitizers, face masks and so on. Many such sites will only have a pre-payment option because they cash on delivery has been discontinued due to COVID-19. These may either never arrive or you may be receiving faulty products. Buy online from authentic websites and known brands, even if an offer seems lucrative.
By being careful and following some basic guidelines you can ensure that your money is safe.
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