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<\/p>\nFor Global Money Week (GMW), we\u2019re bringing you a news story every day on all things money. Today, we\u2019re looking at protecting your money from scammers.<\/p>\n
None of us ever think we will be a victim of Fraud. However, it is more common than you think with the latest figures from the BPFI indicating that victims were conned out of a total of \u20ac8.6m euro during the first half of 2023.<\/p>\n
Let\u2019s have a look at the most common scams that are targeting young people.<\/p>\n
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What may seem like an easy way to make money, often has serious consequences. Criminals typically target young people through tactics such as a fake job advert. Common job titles include \u201cFinancial Manager\u201d or \u201cPayments Clerk\u201d, with no experience needed other than having a bank account. \u00a0Other common ways of targeting young people are through social media posts, messages or even in person. These criminals will offer you money or an expensive gift to \u201cmind\u201d a certain amount of money in your personal bank account. This is Money Laundering.<\/p>\n
If you are caught acting as a money mule, even if you didn\u2019t realise you were being used as a mule, you can face a prison sentence, a fine, community service and being banned from opening a bank account in the future.<\/p>\n
\u2022 Never give your bank details to anyone you don\u2019t know or trust
\n\u2022 Never mind money for anyone even if you already know them
\n\u2022 If you think you are involved in Money Muling, contact your bank and the Garda\u00ed immediately<\/p>\n<\/div>\n
Another popular scam that typically targets young people is ticket scams. It is important to be aware of the signs that someone is trying to scam you with a fake ticket to a concert, festival, or event.<\/p>\n
Fraudsters often take advantage of sold-out concerts or sporting events. They will take your money and either never send you a ticket or send you a ticket that is fake and won\u2019t gain you entry to the event.<\/p>\n
Only buy tickets from the venue\u2019s box office, the promoter, an official agent, or a well-known and reputable ticket exchange site.
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Other popular scams include:<\/p>\n
Check out FraudSmart<\/a>, Central Bank<\/a> and The CCPC<\/a> websites to stay aware of what fraud and scams are affecting people in Ireland<\/p>\n Think SAFE<\/strong><\/p>\n S:\u00a0 <\/strong>Stop <\/u>and think. Who is this person contacting you? Can you trust them? Are they making you feel rushed to provide them with your personal details and banking information.<\/p>\n A:<\/strong> Assess<\/u> the information they are providing you to make sure they are legitimate.\u00a0 Are there any typos in the webpage or in their messages? Has their social media account just been created?<\/p>\n F: <\/strong>Fact Check<\/u> to make sure this is a legitimate offer or source.\u00a0 Seek advice to ensure the service or product is genuine. Ask yourself; does this offer seem too good to be true? If yes, then it normally is.<\/p>\n E: <\/strong>Expose <\/u>and Report to the Garda\u00ed. If you are a victim of fraud, contact your bank to ensure no more money can be taken from you. Report the incident to your local Garda station as a criminal matter.<\/p>\nHow to avoid being scammed<\/h2>\n
Learn more about Global Money Week<\/h2>\n
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