Individuals and even businesses are not spared from different types of online scams. Scammers evolve and advance along with the sophistication of technology. A 2023 survey on personal finance conducted in the Philippines showed that 50% of respondents who experienced digital fraud attempts were targeted with phishing attacks. Furthermore, 42% of respondents were targeted with smishing or phishing using text messages.

Scammers now have more channels to reach their next prey. If you are into investing but clueless about these fraudulent schemes and how to spot them, you will be an easy target for them. Here are some tips that will prevent you from falling prey to scammers.

#1. Investigate: Before transacting with a person, get the facts straight. Know who you are dealing with and look for the physical address of their company. Legit companies usually have a brick-and-mortar address. When you have concerns about a transaction, you’ll have peace of mind knowing that you can reach them through their brick-and-mortar address.