Internet scam has become a common topic on the international market these days, with millions of people falling victim to various scams and fraud. As technology advances, we tend to incorporate it into our daily lives, including business transactions. The international market is the largest market in the world, with millions of transactions taking place every day. However, there are some things to be cautious of when trading on the international market.
If you work in the e-commerce industry, you must exercise extreme caution when conducting financial transactions in certain countries. Most countries have a low rate of internet scams; however, there are some countries where scams are the norm. As a result, knowing the countries where you might encounter a scam can assist you in avoiding one. As a result, in today’s post, I’ll show you the top ten list of internet scamming countries.
What exactly is an Internet Scam?
Internet scams are scam activities that are carried out using internet services or software. That is, defrauding a client online for monetary gain. Cyber criminals are those who engage in internet scams. They contact potential victims via email, social networking sites, dating apps, spam messages, and other means. Victims of scams typically lose a large sum of money and may not realize they have been duped until it is too late.
We conducted a survey of the world’s ten most scamming countries and discovered the following:
On top of our list is Nigeria, the African giant in West Africa with a strong record of internet scams and fraud. Internet scams in Nigeria are not only targeted at international clients and transactions bit also on local targets within the country. If you make several transactions to Nigeria, or with Nigerian clients you will most likely encounter a scam here or there.
India is second on our list. It is said that, you can’t visit India without encountering a scam, or finding someone trying to defraud you. Even the taxi driver will try their best to scam you as much as they can, if you don’t know your way around there. There are several scamming techniques employed in India, so me careful as you carry your transactions.
The Chinese are known as one of the world’s most brilliant people, now imagine some of those minds being involved in internet scams. Scary right? China employs several methods to deceive and scam their victims. One of the most frequent type of scam in China is college entrance fee, Trojan virus, and blackmails.
Brazil is another country with a huge rate of scam activities. There have been many cases of impersonation, pickpocketing, currency exchange and even kidnappings. Always be security conscious when you’re in Brazil.
There have been many reports of internet scams and frauds in Pakistan. Scammers here use high-ranking officials to disguise as military personnel on various online platforms. They steal photos and videos from social media accounts of there’s officials, and use their identities to fool others.
Indonesia is one of the most beautiful countries in the world, but it’s also a den for con artist. When planning a trip to Indonesia, or carrying out financial transactions with them be careful not to encounter scammers.
If you’ve been carrying out business transactions online in Venezuela, then there’s a high chance that you’ve encountered a scam at one point in your life. The economy of Venezuela took a downturn for some time, causing many people to be involved in internet scamming, online fraud and other illicit activities.
8. South Africa
In 2015, it was announced by the University of Johannesburg’# Centre for Cyber Security, that South Africa is the most affected country by banking-related scam. In South Africa scammers practice phishing techniques, false emails and SMS warnings from banks, and other fraudulent methods to steal funds from their victims.
If you’re visiting Philippines for the first time, then chances are that you will be fall in a scam. Even before getting to your hotel room, you may be scammed by the driver. So be on guard when visiting.
Finally, we have Romania as one of the top ten scamming countries in the world. Due to the high rate of poverty, lengthy price drop, and corruption, Romania has become one of the top countries with high rate of cyber crime and fraud. So if you’re addicted to spending money online, be careful when you come across Romania.