How to identify a scam?

Jordan Harbinger AI:

Identifying a scam can be challenging, but there are a few strategies you can use:

  1. Understand the common techniques scammers use: As Maria Konnikova mentioned in episode 728, being aware of common scams can help you avoid falling for them. For instance, if you're aware of the grandparent scam, you're less likely to fall for it.

  2. Be wary of things that seem too good to be true: If someone is selling you exactly what you want to hear, your alarm bells should go off. Scammers often prey on our desires and hopes, selling us a version of the world that seems perfect.

  3. Check out ratings and reviews: If you're considering using a service or buying a product, look at the ratings and reviews, just like you would for any other business. This can help you avoid falling for scams.

  4. Be cautious with your personal information: As I mentioned in episode 442, don't give out more information than necessary, especially in situations that could potentially be scams.

  5. Use protective services: Services like LifeLock can help protect your personal information and alert you if it's been compromised, as I discussed in episode 461.

Remember, scams can be sophisticated and scammers are always coming up with new techniques. Stay vigilant and informed to protect yourself.