This content aims to educate viewers on common online and financial scams, providing practical advice on how to identify and avoid them to prevent financial loss.
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9 lakh 34,1 N that's the number of fraud
incidents or in other words the number
of idiots who fell to fishing fing and
o2p compromise scams between 2020 and
2022 alone these frauds amounted to
1,434 cres for better perspective that's
almost equivalent to Hollywood's fast
INF Furious N9 budget of 1,654 [Music]
[Music] [Applause]
[Applause]
CR but you don't have to worry about
these numbers because today I'll teach
you how to save yourself from such scams
because the likelihood of you getting
back your money after being scammed is
only one in six so in this case
prevention is actually better than
cure so how do you prevent yourself from
falling for such scams well you're at
the Right video in my previous video I
covered five Financial scams that you
can avoid this video is a continuation
of that where I'll be talking about
another five scams and tips for the same
so make sure you watch till the end scam
one sim card swap scam it's a Sunday
evening and you're going to watch The
Wolf of Wall Street hoping you learn all
the secrets to the success of Wall
Street you're all set to watch it and
leave your phone to the side the
excitement of seeing margu robbi leaves
you hooked to the TV screen little did
you know that another excitement awaits
you on your phone so now the movie is
half done you check your phone to see if
Niha has texted you back but the Bank
app notified you instead four times
actually with a 10,000 rupees debit each
time but how scammers these days use a
new technique called Sim swapping so
what is this new scam basically scammers
contact your service provider and claim
that you've lost your phone and need to
Port your Sim in other words transfer
all the old SIM details to a new one
that the scammer has now all the
communications are received on your new
sim instead but how do they get the data
on you to Port your Sim in most cases
it's through fishing online you may have
entered these details on some link sent
to you by the scammers the worst part
about the scam is that you don't get any
updates on your old SIM hence it's
mostly too late before you can freeze
your account so how to avoid this so
fraudsters need a little bit of personal
information about you to convince your
sim carrier to activate the Sim swap
hence do not share any personal
information on social media or any
websites e do not fall for any fishing
emails SMS or calls frauders use simple
ways for you to reveal confidential
details for example they may pose as
your bank manager and you may reveal
details without thinking twice make sure
to check if the website's URL starts
with https some may start with just HTTP
and aren secured basically URLs which
start with https are encrypted and are
more secured compared to the ones
starting with HTTP scam 2 home renting
scams now this scam is something that I
almost fell for it was when I was going
to move to Mumbai so I was on the
lookout for apartments that I can rent
and move here so I started browsing some
calls soon one of these Brokers sent me
a location to visit the house once I
reached there I realized that it wasn't
the house I had seen in the pictures now
the broker calls me up and tells me that
the actual house is close by and to be
able to see it I need to pay a small
upfront fee of 5,000 rupe which will be
deducted from the rent paid once I rent
the house in case I don't rent the house
the amount will be refunded I replied
with the
classic and cut the call surprisingly
this happened another two to three times
in my search for a house at one point I
almost gave in thinking that this must
be the norm in Mumbai luckily I had
friends here who told me that it was a
scam organized by a group of brokers in
case I did pay the 5 000 rupes I was
rupee how to avoid this do not pay any
fee to a broker just to view the place
most times it's a group of Brokers doing
the scam making you believe that it's
the nor I was able to find places where
they don't charge me a single rupee to
view the house and that's how I finally
rented my place here once you finalize
the place make sure the owner provides
you with a rental agreement this will
help avoid any unexpected problem S as
well scam three fake electronic website
scams who else hates Google ads
sometimes when I'm researching for some
kickass ideas to make some kickass
content for you guys I start getting ads
very similar to what I've searched for
and as a content creator time is of the
essence so you probably know whose ads I
get the most welcome to my course on
time management take charge of your time
in some cases you see ads that are too
good to be true like an iPhone 13 for
just 10,000 rupees we all know that when
it's too good to be true it most likely
is there are plenty of fake websites out
there but the algorithm doesn't know
that and pushes the ad to your account
anyways hence it's important for you to
distinguish the fake from the re if the
website seems to have a bad design
unusual payment methods which aren't
secured by a payment gateway then
they're most likely fake at the end of
the video I'll give you more tips to be
saved so continue watching till then how
to avoid this don't fall prey to
discounts that are unbelievable because
it most likely isn't the reality now let
me give you an example let's say a
website list the iPhone 13 for just
10,000 rupees in other words that's
almost an 85% discount on its current
price of 65,000 rupees hence the 10,000
here is ironically 100% of the profit
margin for the seller because you aren't
going to get Jack once you make the
payment in case of shady website always
try to opt for cash on delivery and and
avoid online payment methods lastly
always try to find reviews about the
company if too many reviews talk about
the non- deliver of products it's
definitely fake scam 4 job fraud
17,897 that's the number of layoffs made
by Indian startups in 2022 having to
fend for yourself and your family you
will end up getting desperate on the
hunt for another job quick tip
situations like these remind us how
important it is to build an emergency
fund always keep aside six times your
monthly expenses for emergencies
desperate times call for desperate
measures considering your situation You'
be willing to even take a bad offer just
to sustain yourself let us assume you've
shared your resume across a few
platforms and given it to a few
consultancy agencies as well in a few
days you get a phone call from a job
consultancy agency that guarantees you a
job the consultancy charges 700 rupes
plus GST after which your name will be
in the top 100 mnc's recruitment list
700 seems to be menial to you hence you
pay it in the next one or two days the
consultancy says there's an interview
ready for you but you'll need to pay
6,800 rupees towards a screening test
and documentation obviously you're going to
to
say but they tell you that interview
will be guaranteed finally the interview
does happen and it all goes well but it
doesn't go so well after this next they
ask you to pay a security deposit of
25,000 rupe so they can issue the offer
letter they claim that this deposit will
be refunded after 1 year of working they
also persuade you saying that if you
don't pay the required 25,000 rupees all
the amount paid up to them will be a
waste now you paid the 25,000 rupees as
well and you start waiting for that job
now in all fairness not all job
consultancy agencies cause scams but if
they ask you for money up front then
that's a red flag it's not just limited
to job consultancies there are many fake
job postings which do a similar thing
they have fake emails fake job openings
and fake interviews as well I will give
some tips at the end to avoid getting
scammed like this so how to avoid this
particular scam if any job con y asks
you for a fee up front it's most
definitely a scam usually job
consultancies get paid by the companies
that are advertising about the vacant
roles they are paid based on the role
that the company is hiring for the
experience of the candidate Etc hence as
a job candidate you need not pay them
any money in case of any companies
asking you to pay them a security
deposit that is the biggest red flag you
can get just like the toxic X of yours
my suggestion for both these scenarios
is to back your bags and
run make sure to research well about the
company and trust me it is very likely
you aren't the first one getting scammed
and with good research you will be able
to find some reviews about fake
companies no company will ask you to pay
to get hired it's definitely the work of
a scammer I mean if you need to pay to
get a job just work for yourself
bro now the last scam of today's video
Lottery scam it's 5:00 p.m. in the
evening you got a random phone call you
answer the phone and the other person on
the line says congratulations ma'am you
won 1 CR rupees and an SUV 700 from a
lucky draw contest you tell the
representative that you haven't taken
part in any Lottery but they tell you
that you were automatically enrolled
since you had recently taken a loan from
hecd funds private limited now based on
the accuracy of the information you give
to what the person is saying I mean it's
one freaking CR and a godamn XUV 700
even the waiting period on that car is
around 1 year so the representative on
the phone continues to say that in order
to receive the car a small delivery
charge of 20,000 rupees needs to be made
he continues to say that the 1 CR will
also be deposited into your bank account
once the car is delivered you believe
this and send the money bye-bye Tata
goodbye G it doesn't end here after a
few days of no response you'll get
another call from the airport custom
duties now they'll ask you to pay
another 50,000 Rupees to clear all the
dues on the vehicle although you knew
you got scammed you start thinking that
maybe it's legit because the Airport
Customs have called you up but it isn't
legit most of these scammers work in
groups and their primary objective is to
loot as much as possible from you hence
the moment you feel you got scammed in
reality you mostly did do not engage any
further with a scammer bonus trip never
enter your details such as other pan
card Etc on any website most websites
tend to sell this data to Banks and
other financial institutions it can also
end up in the hands of scammers so how
to avoid the lottery scam mostly every
email or SMS you receive which says you
wanton a lottery is most definitely a
scam do not open any link and enter any
details either make sure you have
appropriate spam email filters in place
similarly don't respond to any calls
where they ask you to pay some money for
any transportation or custom duties for
the gift either in a very rare situation
if you did win a real Lottery no one's
going to ask you to pay any money to
receive it for example let's say you're
participating in a lottery contest in
Bangalore with around 10 lakh
participants for 1 lakh the probability
of winning the lottery is one in 10
lakhs to put this into perspective it's
like expecting you to pick one Blue Ball
mixed with 9.99 lakh other red balls in
one attempt without seeing so in conclusion
conclusion
always remember guys if something is too
good to be true then it probably is so
stay safe make sure to follow all the
tips I've given if any of you have ever
fallen prey to any of these scams please
let me know in the comment section below
I'll pin them to spread awareness so now
finally I have some good news guys for
those of you who have lost money which
can't be recovered I'm going to be
creating a fund which will pay you back
the money you lost what hey script hey my
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