It is not uncommon to receive warnings and notifications about some companies offering 25 – 30% profits on certain financial investments. One such recent warning was in the form of a video message shared by a Saudi youngster cautioning against certain misleading advertisements. The young man was referring to advertisements inviting unsuspecting investors to waste no time in buying shares in a certain company with the opportunity expiring in 72 hours.
Such warnings have become an inevitable necessity today as a result of the losses incurred by some people due to the use of “deceptive” messages to mislead young people, and woo them to transfer their large sums of money to enter into these fictitious deals. Those who fall prey to such scams are particularly individuals who do not know much about investment.
The aim of these warnings is the need to be careful and deal with these fraudulent messages, which ensnare the gullible into complex schemes at significant personal loss to them. The public is encouraged not to be deceived when receiving such messages, but rather should check the legality of the scheme in question by cross-checking with those in established financial companies.
The deceptive messages invariably make generous pledges of payments, while also using employing emotional pleas to snag their victims. The underlying goal is to scam the victim. Some of these scammers have specific expertise in these areas, and they take advantage of any loophole to obtain money, whether by legal means or by exploiting people and attracting them to these advertisements. In order to achieve their goals, the 'WhatsApp' service comes primarily as a fast messaging service that is popular with these fraudsters. Today, the Chat GPT service is also being misused to to steal people's personal data and then trade this info on the Dark Web.
Identity theft compromises the victim’s credentials, credit cards, and other critical personal information. The hacked information and records are later traded on the dark web. Digital and net users should be careful to ensure their sensitive data is safeguarded.
There are many methods of fraud in the world of communications today, in addition to the increase in the number of hackers as well as the victims of these fake operations. Hacking and other cybercrimes are increasing daily, while legislators are making efforts to combat unauthorized intrusions. Cybercrime in general has become one of the dangerous weapons that some possess and one of the important means in the world of white-collar crime, which is increasing with the emergence of more digital technologies, programs and applications for communications and related programs.
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