Jobs & Employment

Forex Trading Scams

Scammers set up sites or structures that you can apply for jobs overseas and scam you by either taking money from you when you apply or taking personal information that can be used for identity theft purposes.

Common hacking method

Scammers advertise using different social media often and they mainly use Facebook. They advertise jobs that are most likely to attract people with high salaries and good working conditions. Their main targets when they set up these scams are people who are located in developing countries or underdeveloped countries who by all means try finding ways to escape the poverty in which they are situated in. These jobs vary in nature and industries and the adverts usually tend to attract anyone and everyone who is just qualified. Some jobs are even jobs that require manpower and they do not have anything to do with academic achievements as well as working experience. These adverts look legit and have the feel that makes them look legit. They have contact details as well as redirections in terms of URL that take you to well established sites that make it look like there is no way that you are falling for a scam. There is an application process that you go through, and this entails you providing information that can be used to defraud you later on. This includes personal banking details and other crucial information. This is likely to subject you to identity theft and thus you should be weary of what you provide when you are filling in the application forms. In some instances, to secure getting the overseas jobs, you need to make payments. These payments can be termed paper processing fees or any other technical term that they can come up with. When you make the payment, that is when the scam can be or it is where you provide your personal details to them. Since there is a high demand of people wanting to get out of underdeveloped countries, this scam usually targets the people who are in economies which are struggling. The target areas to go are usually Australia, New Zealand, Sweden, USA and others which fall underdeveloped countries. The target countries and destinations are those which are similar to scholarship scams. Some of the fees that people pay when falling victim to this scam are agent fees that are paid to people who give the impression that they can look for jobs for you in other countries. These agents establish themselves and pay people to rate them as genuine as they know that they get more money from scamming people in comparison to what they pay people when they are seeking positive reviews from them.

Red flags or Warning signs

How to protect yourself

Have you ever been scammed?

  • Do you think that you have ever been scammed? If you have, you can help the next person and guide them from not being a victim by reporting this scam.
  • Reporting this scam can help your friends and family.
  • Also, seek help and guidance on how to avoid being scammed.
  • In case you have issued your banking details or any other personal information that can get your bank account defrauded, contact your bank immediately.

Attempts to gain your personal information Buzz

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