Unfortunately, Scams Are Commonplace

The constant fear of falling victim to scams has become a harsh reality and is far from ideal. However, the good news is that there is always time to acquire the skills needed to avoid such scams. Let's explore ways to enhance awareness regarding the challenges posed by scams, not only in a business context but also in everyday life.

Exploiting the Prevalence of AI

The advent of artificial intelligence has provided individuals with remarkable tools for increased productivity, but unfortunately, scammers have also leveraged AI to enhance their deceptive tactics. AI tools enable scammers to craft more convincing phishing emails and generate deepfake images, videos, or audio recordings that are remarkably authentic. Investing time and effort in educating your team on how to identify these scams, fostering a skeptical mindset, and implementing authentication measures is crucial.

Smartphones Being Targeted

Scammers have identified smartphones as key targets due to their extensive capabilities. Malicious applications, QR codes, or links spread through text messages are just a few of the cunning methods employed. While traditional scam tactics persist, vigilance is essential to detect clear signs of being scammed, coerced, or manipulated into action.

Beware of Backward Dealings 

Scams come in diverse forms, making it challenging to identify them all during the course of day-to-day business. Unconventional sources may catch you off guard, involving elaborate schemes with fake apps and “customer service representatives” facilitating scams rather than offering genuine support. Scammers exhibit creativity without bounds, from employment scams to romance schemes and cryptocurrency ploys.

Scam Fundamentals Don’t Change

In essence, scammers recycle old tricks disguised as new ones. The same timeless advice holds: If something seems "too good to be true," it likely is. Messages that come out of nowhere or need clarification are likely not legitimate. You will always want to avoid downloading or clicking on unexpected or unknown links/attachments, as they could be malicious. Understanding common hacker tactics will mitigate a lot of the risk. 

Damage Control If You Slip Up

The fact is that even the most vigilant individuals make mistakes. If you find yourself too close for comfort with a scam, consider these damage control measures:

• Report the scam to the Federal Trade Commission and relevant parties, including your bank and credit card company. 
• Alter passwords for any potentially compromised accounts.
• Run a virus scan on devices exposed to suspicious links or attachments.
• Freeze credit reports and add fraud alerts to prevent unauthorized account openings.

While scams may have become normalized, falling for them shouldn't be. Mindfulness, awareness, and the right technology solutions can go a long way in keeping hackers at bay. Waypoint Technology Solutions can help set your business up for security success. To learn more, call us at (720) 724-8868.