online investment scam philippines

However, being online exposes people to certain dangers, like scams. In this article, we'll explore why we are susceptible to online scams and learn how to protect ourselves from becoming victims. Lack of awareness Online scams feed on the lack of awareness of people. Scammers prey on people's desperation for money, which is why many fall for get-rich-quick schemes and promises of high investment returns, like those involving cryptocurrencies. Scammers use that to lure victims into buying things they don't need (budol) or to invest in fake investments. It's also a good idea to educate others, especially those who may be less savvy about online scams, to help protect them from falling victim to these types of fraud. Here are some tips to help you avoid falling victim to online scams: Be cautious of unsolicited emails or messages: Scammers often use email or messaging apps to reach out to people. We hope these tips will help protect you from online scams. Read more in our articles including "Why Filipinos easily fall for online scams" and "Meta adds new features to protect older users from online scams".