In the interconnected world of social media, scams are thriving and posing new risks. Stay vigilant and informed to protect yourself from these deceptive schemes.

Marketplace Scams: 💸

Within the realm of online marketplaces, scammers employ cunning tactics. Some may ask for payments or communication through the platform, listing phony rentals, giveaways, or products. They entice victims with below-market prices and offer to ship items. In reverse, they "purchase" your items, often sending fraudulent checks or overpaying, while some request your online banking credentials for quick payment. Beware, most of these transactions are fraudulent, leaving you to face the consequences when funds are clawed back by your financial institution.

Messenger Scams: 💬

Messaging apps become battlegrounds for fraudsters sending money requests or fake offers for loans and lotteries. These messages may take various forms, but they all exploit our desires for generosity, heroism, or financial gain. Often, they come from friends or strangers without prior conversation initiation. Exercise caution when encountering unfamiliar or random links sent through email or messaging apps.

Romance Scams: 💖

Accepting friend requests from unknown individuals can be the initial step towards falling victim to a romance scam. Innocent messages, comments, and likes gradually build a facade of friendship and trust. Con artists employ these tactics to gain your confidence before requesting financial assistance for medical bills or travel expenses. They may claim to be stranded on an oil rig or in the military with no access to funds. Remember, modern banking systems offer multiple ways to access money remotely. If an online friend seeks financial help, contact your bank, like Traditional Bank, for assistance. We will ask questions and help determine if you're facing a potential scam. Stay cautious, and safeguard your financial well-being in the digital age.