πHow to Avoid Financial Scams and Identity Theft.
A complete guide on How to Avoid Financial Scams and Identity Theft . This guide will help you understand the types of scams, how identity theft happens, and what proactive steps you can take to protect yourself. π I. Understanding Financial Scams and Identity Theft What is a Financial Scam? A financial scam is a deceptive scheme or fraud designed to cheat people out of their money. What is Identity Theft? Identity theft occurs when someone steals your personal information to commit fraud, such as opening credit accounts, filing taxes, or making purchases in your name. ⚠️ II. Common Types of Financial Scams 1. Phishing Fake emails or texts pretending to be from banks or companies asking for personal information. 2. Investment Scams Promises of high returns with little or no risk. Includes Ponzi schemes and crypto scams. 3. Romance Scams Fraudsters build fake online relationships to manipulate victims into sending money. 4. Tech Support Scams Sca...