This article is from Trend Micro.
Teslatrading is supposedly a new cryptocurrency venture established by, and affiliated with, Elon Musk and his Tesla company. The website announces the absurd claim that investors can make 4,000 euros a month! The company apparently has an advanced AI that monitors crypto exchange rates with 99.9% accuracy. This means that you won’t need to do anything — how convenient!
Teslatrading homepage
Unfortunately this is a scam — and a pretty obvious one at that. The website has nothing to do with Elon Musk or Tesla, with the scammers simply using them as a front. They are also employing the use of deepfake videos to make it appear as though Musk is endorsing the venture. Below is a screenshot of one such attempt — with the scammer himself excusing its poor quality!
Source: ScamWatcher
If you fall for this scam and invest, when it comes to withdrawing your money you will be asked to pay a tax fee. Following that, you’ll then be asked to pay another service fee. More excuses will follow, with your access continuing to be blocked. In short, you’ll never get your money back.
On ScamAdviser, the website has a low “trust” score of 37/100. Meanwhile, other red flags include:
After you’ve pinned the Trend Micro Check extension, it will block dangerous sites automatically! (Available on Safari, Google Chrome, and Microsoft Edge).
You can also download the Trend Micro Check mobile app for 24/7 automatic scam and spam detection and filtering. (Available for Android and iOS).
Given you’ll be required to enter personal information on these kinds of platforms, ID Security will also ensure you’re never the victim of a data breach. Check out this page for more information on Trend Micro Check.
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Source: pexels.com
Have you fallen for a hoax, bought a fake product? Report the site and warn others!
As the influence of the internet rises, so does the prevalence of online scams. There are fraudsters making all kinds of claims to trap victims online - from fake investment opportunities to online stores - and the internet allows them to operate from any part of the world with anonymity. The ability to spot online scams is an important skill to have as the virtual world is increasingly becoming a part of every facet of our lives. The below tips will help you identify the signs which can indicate that a website could be a scam. Common Sense: Too Good To Be True When looking for goods online, a great deal can be very enticing. A Gucci bag or a new iPhone for half the price? Who wouldn’t want to grab such a deal? Scammers know this too and try to take advantage of the fact. If an online deal looks too good to be true, think twice and double-check things. The easiest way to do this is to simply check out the same product at competing websites (that you trust). If the difference in prices is huge, it might be better to double-check the rest of the website. Check Out the Social Media Links Social media is a core part of ecommerce businesses these days and consumers often expect online shops to have a social media presence. Scammers know this and often insert logos of social media sites on their websites. Scratching beneath the surface often reveals this fu
So the worst has come to pass - you realise you parted with your money too fast, and the site you used was a scam - what now? Well first of all, don’t despair!! If you think you have been scammed, the first port of call when having an issue is to simply ask for a refund. This is the first and easiest step to determine whether you are dealing with a genuine company or scammers. Sadly, getting your money back from a scammer is not as simple as just asking. If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit card/Credit card Bank transfer Wire transfer Google Pay Bitcoin PayPal If you used PayPal, you have a strong chance of getting your money back if you were scammed. On their website, you can file a dispute within 180 calendar days of your purchase. Conditions to file a dispute: The simplest situation is that you ordered from an online store and it has not arrived. In this case this is what PayPal states: "If your order never shows up and the seller can't provide proof of shipment or delivery, you'll get a full refund. It's that simple." The scammer has sent you a completely different item. For example, you ordered a PlayStation 4, but instead received only a Playstation controller. The condition of the item was misrepresented on the product page. This could be the