Beware of these four ways that cyber-scammers can steal your money

Cyber-scammers have become increasingly sophisticated in their tactics, using advanced tools to trick unsuspecting victims out of their hard-earned cash. One of the most insidious methods they use is through screen sharing. This involves a scammer gaining access to your device and taking control of your screen, allowing them to see everything you're doing and steal sensitive information.

Another way cyber-scammers can steal money is through call merging. This is when a scammer intercepts an incoming call intended for someone else, pretending to be the person the caller wants to reach. They'll often claim to be from a legitimate company or institution, and will try to trick you into revealing sensitive information or transferring money to their account.

Call forwarding is another tactic used by cyber-scammers. This involves setting up your phone number to forward calls to a different number, usually one controlled by the scammer. When someone tries to contact you, the call goes straight to the scammer's device, allowing them to steal your personal details or persuade you into sending money.

Voicemail is also being used by cyber-scammers as a means of tricking people out of their money. This involves leaving fake voicemails that appear to be from a legitimate company or institution, often claiming that you owe money or have missed an important call. The scammer will try to entice you into responding with sensitive information or sending payment.

"Cyber-scammers are becoming increasingly brazen in their tactics," warns cyber security expert Amit Dubey. "It's essential to be vigilant and take steps to protect yourself from these types of scams. By staying informed and taking simple precautions, you can reduce your risk of falling victim to one of these tactics."

"One of the most effective ways to stay safe is to be cautious when receiving unsolicited calls or messages," advises Dubey. "Never reveal sensitive information or send payment without verifying the authenticity of the request. Additionally, keep your devices and software up-to-date, use strong passwords, and avoid using public Wi-Fi networks for financial transactions."

"By being aware of these tactics and taking steps to protect yourself, you can significantly reduce the risk of falling victim to a cyber-scam," says Dubey. "Stay informed, stay vigilant, and always prioritize your financial security."