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What are Phishing Scams?

September 2, 2019Simeon Georgiev

With each passing day, hackers are becoming more and more innovative. As technology and the digital age progresses, hackers are also getting advanced with their methods. They find new ways to trick, scam, and steal from you, leave behind no traces whatsoever, eventually making themselves untraceable while you lose your precious data and digital assets.

When considering an organization, we are talking about millions of dollars in losses and online theft. There are many scams that hackers use, such as identity theft, false accusations, harassment, cyber-stalking, and the most dangerous one being ransomware. Ransomware is a malicious software introduced by hackers to get into your data that freezes it and can only be released through a code that the hackers have. Once your data is compromised, hackers will then demand a ransom from you in exchange for the pin or code. In such instances, you need to immediately contact cybersecurity services so they can use processes such as ransomware removal and ransomware recovery to recover your data and remove any software that may compromise your safety in the future.

However, the methods mentioned above are not as common as a scam known as phishing. This is a scam or technique used by hackers, which are introduced into your device through emails or posts from reputable banks or institutions that you may trust. This tricks users into giving their data to them using a façade. They use a positive and trustworthy outward appearance to get what they want. They also ask for login credentials and other related things such as their social security and banking details so they can use it for identity theft.

Purpose Of Phishing Scams:

  • They try to use your data for fraudulent activities and try to attempt data theft.
  • Through this scam, all data such as your passwords, banking details, ID’s, details of credit cards, etc. are easily acquired and can be used in any way the hackers wish to use it for their benefit.
  • It most definitely always takes place through online or electronic communication.
  • Their main goal is to breach data and use it to harm the owner in some way. 

How Do Phishing Scams Trap Victims?

These scams usually take place through emails or social media websites. They may come up as pop up adverts such as ‘you’ve won $20,000, click here for more information” or an email from a reputable institution asking you to confirm your credentials. When a victim clicks on such a scam, he/she gets stuck into a phishing net and gets trapped by the hackers. The hackers can then use their credentials to cause all these things listed above, such as fraud, harassment, stalking, ransomware, and more. The best thing to do is to be very careful while opening websites and make sure it is not fraudulent in any way. If you have the slightest hunch of it being a scam, it’s best to leave it or confirm with the institution by using their helpline or emailing them. Hackers can cause bounds of damage to people through these scams, and many times, they don’t even know that this is happening to them.

Simeon Georgiev
https://www.linkedin.com/in/simeon--georgiev/
I am a Cyber Security Enthusiast from Bulgaria. I like to write about malware and ransomware and global cyber attacks. You can reach me on Twitter @sgeorgiev1995 or Email: [email protected]
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