Beware of cyber frauds!!!
Image credit: Shogo Narita@Unsplash.com A friend recently fell prey to a scam and ended up transferring a huge amount of money. When it happens to others or you look at it in retrospect, it may seem avoidable. But it may be harder to detect while it's happening. The only protection we have is raising awareness and having as many safety checks in place as we can. I'm writing this post to share whatever I think can help. Please share in comments if you have more ideas. 1. All these scams tend to exploit the human emotions of fear and greed. => Learn to recognize these emotions coming up and don't do any financial transaction under the grip of these emotions. Have an agreement with yourself that before doing any financial transaction under fear or greed, you will consult XYZ (any trusted adviser and well-wisher). In most cases they will be able to see through it and bring in sanity. If nothing, it will buy you time and in that additional time you may end up seeing things ...