Cost of Cybercrime Fraud Could Lead to Bankruptcy in Atlanta
Online scams are everywhere these days:
- You get an e-mail saying you just won $30 million in the Nigerian lottery
- A person who takes your credit card to pay for something steals the information
- Your phone gets hacked when you download an application that's actually a virus
Maybe the Nigerian lottery is easy to spot, but the others may not be. Consumers can end up being taken for thousands of dollars if they aren't careful.
Money recovery from companies is a difficult process and the delay can cause you financial problems. Cybercriminals are out there in full force. They are taking advantage of the increasing dependence on the Internet as an easy way to make millions. Not only do consumers get penalized, but companies are being hit hard too -- to the tune of billions of dollars each year.
A recent Daily Finance article looks at how to avoid becoming the victim of financial fraud. The story looks at the plight of an 84-year-old woman who was called by a man claiming to be her grandson.
He said he was with friends in Canada and hit a telephone pole with his car and needed $5,000. The woman said his voice sounded like it could be her grandson. And she lost contact with him after he served in Iraq, so she didn't have his phone number. He told the woman she could wire money from a Wal-Mart to him. Of course he needed it right away. She obliged. When she got a second call, saying the crash caused damage to a business, she got suspicious and realized it was a fraud.
It's also costly for businesses. For instance, in 2009, MoneyGram International Inc. agreed to pay $18 million to settle claims by the federal government that it had been used by fraudulent telemarketers to the tune of tens of millions of dollars.
Here are some tips to help ensure you don't get ripped off:
- Do your homework: Don't just fork over the money
- Make sure you are working with a real lawyer, not someone who says he or she is
- Protect your personal information by limiting how much you give out, especially your date of birth and Social Security number
- If you are victimized, file a complaint
To be honest, bankruptcy won't work for everyone. There are situations in which it isn't advisable. But for many people who have seen their credit scores plummet, or lost their job or life savings, bankruptcy in Atlanta could be the way to go.
When people are stuck in debt, there's simply no wiggle room. Filing for bankruptcy in the Atlanta area could be the answer. Getting all that debt off a person's plate allows him or her to break free and look ahead to a brighter to the future.
If you need to speak to an Atlanta bankruptcy attorney call the DebtStoppers Bankruptcy Law Firm at 800-440-7235 today for a free debt analysis.
More Blog Entries:
Atlanta Bankruptcy an Option as Georgia Jobless Rate Increases: October 11, 2011
How to Avoid Becoming a Financial Scam Victim, by Loren Berlin, Daily Finance