DID YOU KNOW? every, Lifestyle, minute, Money, Relationships, Travel, World October 10, 2024

“Unmasking Deception: 15 Surprising Phone Scams That Could Catch You Off Guard!”

Have you ever glanced at your phone and thought, “What would I do without this trusty device?” It’s like our personal assistant, therapist, and banker rolled into one. But here’s the kicker: while it keeps us connected, it also opens the floodgates to a world full of phone scams that could make even the savvyest among us do a double-take. Picture it: one minute you’re enjoying an innocent chat, and the next, you’re being pressured to pay a “tax debt” or secure a “once-in-a-lifetime” offer. It’s enough to make you chuckle — if it weren’t so serious. According to the Federal Trade Commission, these scams are no joke; they racked up over $10 billion in losses last year alone. So, how do we dodge these shady calls while keeping our sanity intact? It all starts with knowledge. Let’s dive into the top phone scams you need to watch out for — because being informed is the best defense! LEARN MORE

In this digital age, our phones are basically natural extensions of ourselves, connecting us to loved ones, information, and even financial services. However, this level of convenience also makes us susceptible to a growing wave of phone scams. These deceptive schemes prey on our trust, curiosity, and sometimes, desperation, aiming to trick us into handing over our hard-earned money.

You might think, “I’m too smart to fall for a scam,” but scammers are becoming increasingly sophisticated, employing tactics that can fool even the most vigilant among us. The Federal Trade Commission reports that consumers lost more than $10 billion to fraud in 2023, a 14% increase over reported losses in 2022. To protect yourself and your finances, being aware of the most common phone scams circulating today is vital.

By understanding their tactics, you’ll be better equipped to identify and avoid falling victim to these fraudulent schemes.

1. The IRS Impersonation Scam

IRS Tax Audit Name Plate At Desk — Photo Credit: Depositphotos.com.

In this scam, fraudsters pose as IRS agents, threatening arrest or legal action if you don’t pay a fabricated tax debt immediately. They often demand payment via wire transfer, prepaid debit cards, or gift cards. However, the IRS will never contact you by phone to demand immediate payment.

If you receive a suspicious call from someone claiming to be from the IRS, hang up and contact the IRS directly through their official website or phone number. Never share personal or financial information over the phone with unsolicited callers.

2. The Tech Support Scam

Government Chief of Cyber Security Agent Consults Military Officer — Photo Credit: Depositphotos.com.

Scammers impersonate tech support representatives from reputable companies like Microsoft or Apple, claiming your computer is infected with a virus or malware. They may ask for remote access to your computer to “fix” the issue and then install malicious software or steal your personal information.

Legitimate tech support companies will never contact you unsolicited over the phone. If you need tech support, reach out to the company directly through the official channels. Never give unsolicited callers remote access to your computer.

3. The Grandparent Scam

A thoughtful Senior woman wearing knit cardigan and top, Confused Old Woman Looking at the Phone, A clock Behind her — Photo Credit: Depositphotos.com.

This emotional scam targets grandparents, preying on their love and concern for their grandchildren. Scammers pose as a grandchild in distress, claiming to be in an accident, arrested, or hospitalized abroad, and urgently needing money.

If you receive such a call or text, resist the urge to act immediately. Verify the caller’s identity by contacting your grandchild or other family members directly. Never wire money or send gift cards to someone you haven’t confirmed is your relative.

4. The Bank/Credit Card Scam

stressed woman with credit card debt — Photo Credit: Depositphotos.com.

Scammers impersonate bank or credit card company representatives, claiming your account is in trouble or that your card has been compromised. They may ask for your account number, PIN, or other sensitive information to “verify” your identity.

Your bank or credit card company will never call you to ask for your PIN or full account number over the phone. If you receive a suspicious call, hang up and contact your bank or credit card company directly using the number on the back of your card or official website.

5. The Lottery/Sweepstakes Scam

Business people working and fraud alert — Photo Credit: Depositphotos.com.

You receive a call or message informing you that you’ve won a lottery or sweepstakes, even though you never entered. To claim your prize, you’re asked to pay a fee or provide personal information.

Legitimate lotteries and sweepstakes don’t require upfront payment to claim a prize. If you’re asked to pay a fee or provide personal information, it’s a scam. Don’t engage with these callers or click on any links in suspicious messages.

6. The Debt Relief Scam

debt stress woman with man holding money cash poor — Photo Credit: Depositphotos.com.

Scammers promise to reduce or eliminate your debt through a “debt consolidation” or “debt settlement” program. They may charge upfront fees and fail to deliver on their promises, leaving you in a worse financial situation.

Be wary of companies that promise quick fixes for your debt. Reputable debt relief agencies will provide you with a clear plan and won’t charge upfront fees. Research any company thoroughly before enrolling in a debt relief program.

7. The Charity Scam

Woman Donating Unwanted Items To Charity Shop — Photo Credit: Depositphotos.com.

Scammers exploit people’s generosity by impersonating charities and soliciting donations for fake causes. They may use emotional manipulation or create a sense of urgency to pressure you into giving.

Before donating to any charity, research the organization to verify its legitimacy. Check if it’s registered with the appropriate authorities and review its financial information. Don’t feel pressured to donate over the phone, and take your time to make an informed decision.

8. The Romance Scam

Businessman's hand holding phone — Photo Credit: Depositphotos.com.

This scam preys on people seeking companionship online. Scammers create fake profiles on dating sites or social media platforms, build a relationship with their target, and then ask for money, often citing emergencies or financial hardships.

Be cautious of online relationships that progress quickly and involve requests for money. Never send money or gift cards to someone you haven’t met in person. If you suspect a romance scam, report it to the dating site or social media platform and the authorities.

9. The Missed Call Scam

Scam Message. Email Text Mistake Fail. Online Payment — Photo Credit: Depositphotos.com.

You receive a missed call from an unknown number, often with an international area code. When you call back, you’re charged exorbitant per-minute fees or connected to premium-rate services.

Be cautious of returning calls from unknown numbers, especially those with international area codes. If you’re unsure, you can search the number online to see if others have reported it as a scam.

10. The Robocall Scam

The phone call was from an unknown number — Photo Credit: Depositphotos.com.

Robocalls are automated calls that deliver pre-recorded messages. They often promote scams or phishing for personal information. Robocalls can be annoying and intrusive, but they can also be dangerous if you fall for their tactics.

Don’t engage with robocalls. If you answer, hang up immediately. Avoid pressing any buttons, as this can confirm your number is active and lead to more unwanted calls.

11. The Phishing Scam

Portrait of a surprised young woman holding mobile phone — Photo Credit: Depositphotos.com.

Scammers send text messages or emails that appear to be from legitimate companies, like banks or online retailers, with links to fake websites. These websites are designed to steal your personal information, such as login credentials or credit card numbers.

Be wary of clicking on links in unsolicited messages, even if they appear to be from trusted sources. Go directly to the company’s official website or app to verify the information. Never enter personal information on suspicious websites.

12. The Investment Scam

broke man with one dollar left — Photo Credit: Depositphotos.com.

Scammers promise high returns on investments with little or no risk. They may pressure you to act quickly or offer deals that seem too good to be true.

Be cautious of unsolicited investment offers, especially those that promise unrealistic returns. Do your research before investing and consult a financial advisor if needed.

13. The Travel Scam

Devices with travel agency website on screen — Photo Credit: Depositphotos.com.

Scammers offer discounted travel packages or accommodations that are fake or substandard. They may take your money and disappear, leaving you with no trip or refund option.

Book travel through reputable agencies or websites. Be wary of deals that seem too good to be true, and research any company thoroughly before making a purchase.

14. The Government Grant Scam

Elderly man in wheelchair speaking on cellphone at retirement home — Photo Credit: Depositphotos.com.

Scammers impersonate government officials and offer you a “free” grant. To claim your grant, you’re asked to pay a processing fee or provide personal information.

Government grants are never free. If you’re asked to pay a fee or provide personal information to claim a grant, it’s a scam. You can verify the legitimacy of government grant programs through official government websites.

15. The Job Offer Scam

job interview candidates suits woman men — Photo Credit: Depositphotos.com.

You receive an unsolicited job offer that seems too good to be true, often with promises of high pay and flexible hours. However, the job is a scam designed to steal your personal information or money.

Be cautious of unsolicited job offers, especially those that require upfront fees for training or materials. Research any company thoroughly before accepting a job offer, and be wary of offers that seem too good to be true.

18 Shameless Companies That Continually Rip Their Customers Off

A Man with Budweiser Beer in his Hand — Photo Credit: Depositphotos.com.

In today’s world, where consumers have unlimited choices and access to information within a few clicks, it is important for companies to provide honest and transparent services. Yet, plenty of companies still choose to exploit their customers instead of earning their trust and loyalty.

18 Shameless Companies That Continually Rip Their Customers Off

16 Biggest American Rip-Offs That We Can’t Escape

Asia Barista waiter take order from customer in coffee shop,cafe — Photo Credit: Depositphotos.com.

Have you checked your receipts lately? If you do, you might wonder how you’ve ended up with so many goods and services you don’t really need- and at ridiculous prices. Or you may toss it aside without realizing that half the things on it are a rip-off.

Why do we fall for the scams every day?

16 Biggest American Rip-Offs That We Can’t Escape

With an honors degree in financial engineering, Omega Ukama deeply understands finance. Before pursuing journalism, he honed his skills at a private equity firm, giving him invaluable real-world experience. This combination of financial literacy and journalistic flair allows him to translate complex financial matters into clear and concise insights for his readers.