A common financial scam that affects many people is the “phishing scam.”
📧 What is a Phishing Scam?
Phishing happens when scammers pretend to be trusted institutions—like your bank, a government agency, or a popular digital service (PayPal, Amazon, etc.)—to trick you into giving personal or financial information.
🔍 How It Works
- You receive a fake email, SMS, phone call, or website link
- The message asks you to update account details, reset a password, or verify identity
- The link leads you to a fake page that steals your information
- Scammers use your data to access your bank account or steal identity
🚩 Red Flags to Look For
- Urgent messages: “Your account will be blocked”
- Strange links or unexpected attachments
- Poor grammar or spelling mistakes
- Requests for passwords or OTPs (no real organization asks for these)
🛡️ How to Protect Yourself
- Verify the sender before clicking links
- Go directly to the official website instead of using links
- Use two-factor authentication (2FA)
- Never share OTPs or passwords
