Dangers
Dangers
The primary danger of this scam is the potential for significant financial loss and identity theft. Victims may unknowingly provide sensitive information, such as bank account details or identification documents, which can be used for further fraudulent activities. Additionally, the emotional stress caused by the threat of losing access to bank accounts can lead to hasty decisions.
Therefore the following can be mentioned as major dangers of such scam.
- Financial Loss: Victims can lose significant amounts of money through fraudulent transactions.
- Identity Theft: Personal information shared during the scam can be used for further fraudulent activities.
- Emotional Distress: The stress and anxiety caused by such scams can have long-lasting psychological effects.