Beware of these threats in 2023! 4 new online scams can steal your money-McAfee report

    McAfee has made predictions around four new online scams that can steal your money and cryptocurrency in 2023. Check them now.

    By: HT TECH
    | Updated on: Dec 06 2022, 16:50 IST
    BEWARE! Here is how NOT to check your PF balance; man loses Rs. 1.23 lakh in scam
    EPF
    1/7 In a shocking turn of events, when a man was looking to check his PF balance online, he was caught by fraudsters and lost Rs. 1.23 lakh! (Reuters)
    This is how he lost money in this PF balance scam. He was searching for the EPOFO phone number on the Internet, but came across a fake phone number, according to Free Press Journal. He called it and the person there convinced him to download an app that provided the fraudster with remote access to his gadget. He also shared the code for making a payment. Before, the innocent man knew what happened, he had lost the whopping amount of Rs. 1.23 lakh!
    2/7 This is how he lost money in this PF balance scam. He was searching for the EPOFO phone number on the Internet, but came across a fake phone number, according to Free Press Journal. He called it and the person there convinced him to download an app that provided the fraudster with remote access to his gadget. He also shared the code for making a payment. Before, the innocent man knew what happened, he had lost the whopping amount of Rs. 1.23 lakh! (Pixabay)
    fraud
    3/7 In short, do not check PF balance by searching online and clicking on random links or talking to anyone. Just remember, EPFO will never ask you to make any payment or download any app or even ask you for any payment code or OTP. So, if you want to know how to check PF balance online, we explain it here. (HT_PRINT)
    How to check PF balance Via UMANG App - For checking PF Balance via UMANG App, you will first have to download the app and then log in by entering your UAN and OTP (one-time password) to check the PF account balance.
    4/7 How to check PF balance Via UMANG App - For checking PF Balance via UMANG App, you will first have to download the app and then log in by entering your UAN and OTP (one-time password) to check the PF account balance. (UMANG Twitter)
    Text message
    5/7 How to check PF balance Via Text Message – EPFO members whose UANs are registered with EPFO can check their PF balance by sending a text message (SMS) to 7738299899 by typing 'EPFOHO UAN ENG' using your registered mobile number with the UAN (Universal Account Number). It can be noted that the last three digits of the message represents the language in which you want to receive the message. (Pixabay)
    iPhone
    6/7 How to check PF balance Via Missed Call – Members also have the option of checking the PF balance via call. Registered users can give a missed call to 011-22901406 from their UAN registered mobile number after which they will receive an SMS with details of the PF account balance. (Unsplash)
    EPFO
    7/7 How to check PF balance Via EPFO website - Visit the EPFO portal www.epfindia.gov.in and click on the ‘For Employees’ option under the ‘Our Services’ dropdown menu. Click on 'Member Passbook' and enter your UAN and password. Once you do so you will be able to see your passbook. It can be noted that people who have worked in more than one organisation will have different member IDs to choose from. (MINT_PRINT)
    online scam
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    Know all about these new four online scams predicted by McAfee. (Pixabay)

    Online scams have been rising ever since the Covid-19 pandemic struck in 2020 and the world had to rely more on the digital infrastructure. In just 2022, we saw some major online scams take place that didn't even spare the celebrities. From TV actress Aman Sandhu to Shubhangi Atre fell for these vicious crimes and lost their money. McAfee, a San Jose-based computer security software company, has now made threat predictions for 2023 and revealed four major online scams that are expected to rise next year. Know about them to save yourself from scammers and not to lose your money.

    McAfee predicts four new online scams that can emerge 2023

    In its press release, McAfee highlighted that for the year 2023, the old scams will continue to exist but with new hooks. What it means is that while the end goals of the scams will remain the same, the way to lure in the victims is expected to be different. This is something most scammers do as older tricks become well known and people stop falling for them.

    1. The first prediction is for an online scam that targets cryptocurrency through an old Elon Musk video. McAfee stated, “We saw several online scams making use of existing content to make crypto scams more believable. McAfee expects this to evolve in 2023 and make use of deep fake videos as well as audio to trick victims into parting ways with their hard-earned money”.

    2. McAfee's second prediction points out a new investment scam. The report stated, “The financial outlook of 2023 shows that it will likely be a tough year for most people. During these times, people often look for ways to make some extra money which can leave them vulnerable to social media messages and online ads that offer huge financial gains for little investment”.

    3. Fake loans are also expected to rise in 2023. The report explained, “Fake loan scam is one such scam still on the rise targeting desperate victims with attractive schemes by unauthorized providers. McAfee predicts that there will be a large increase in these types of scams in 2023. Fake loan apps have been seen to provide victims with a direct loan then charging high interest rates with short repayment periods”.

    4. Finally, with big strides taken towards creating a more digitally connected and immersive space of metaverse, McAfee predicted the rise of online phishing scams in that space as well. “When these platforms are in the early stages, malicious actors will usually attempt to exploit the lack of understanding of how they work and use this to scam people”.

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    First Published Date: 06 Dec, 16:48 IST
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