Close Menu
    What's Hot

    Lido proposes dual governance upgrade to empower stETH holders in decisions

    Ethereum Holds Above $1900 Realized Price Signalling Long-Term Bullish Confidence

    Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move

    Facebook X (Twitter) Instagram
    MarketsNews.co.uk
    • Live Chart
    • Brokers
    • Scam Broker
    • Reviews
    • Tools
      • Lot Size Calculator
      • Margin Calculator
      • PIPS Calculator
      • Profit & loss calculator
    Facebook X (Twitter) Instagram
    Start Trading
    Trending Topics:
    • Markets
    • Stocks
    • Cryptocurrency
    • Forex
    • Scam Broker
    MarketsNews.co.uk
    • Markets
    • Stocks
    • Cryptocurrency
    • Forex
    • Scam Broker
    Markets

    Job scams are climbing. Experts say to watch out for these red flags

    Anthony M. OrbisonBy Anthony M. OrbisonOctober 29, 2024No Comments5 Mins Read
    Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Between finding openings, sending out your resume and interviewing, looking for a job is tough. Now a growing trend of scammers impersonating recruiters is making it even harder.

    In the last year, job scams have been on the rise, according to Eva Velasquez, president and CEO of the Identity Theft Resource Center, a nonprofit that helps consumers when their identities are compromised.

    Because most job seekers turn to online platforms for employment, scammers impersonate companies and recruiters to trick people into giving them money or personal information.

    “We’ve really seen tremendous growth in job scams,” Velasquez said. “I think that’s just due to the fact that we fundamentally changed the way we recruit and hire people.”

    It happened to Tehseen Islam, a 28-year-old quality assurance analyst. She had been looking for a job for a few months when she finally got an offer from a well-known marketing technology company. Or at least she thought she did.

    After a weeklong process that included an online form with interview screening questions, Islam was offered the job and received a check. She was asked to deposit it and send the company $1,000 to pay for shipment of equipment she’d need for the job.

    A few days later, her bank notified her that the check had bounced and, because it looked like she was cooperating with scammers, it was ending all banking relationships with her. That’s when she learned the job was a scam.

    “I’m a little traumatized,” said Islam, who lost the $1,000 and unknowingly shared personal information with scammers.

    If you’re a job seeker, here are some recommendations from experts on how to avoid job scammers:

    Know how job scams work

    Job scams are a type of impersonation scam.

    Scammers tend to use the name of an employee from a large company and craft a job posting that matches similar positions. An initial red flag is that scammers usually try to make the job very appealing, Velasquez said.

    “They’re going to have very high salaries for somewhat low-skilled work,” she said. “And they’re often saying it’s a 100% remote position because that’s so appealing to people.”

    Some scammers post fake jobs, but others reach out directly to job seekers through direct messages or texts. If the scammers are looking to steal your personal information, they may ask you to fill out several forms that include information like your Social Security number and driver’s license details.

    The only information a legitimate employer should ask for at the beginning of the process is your skills, your work experience, and your contact information, Velasquez said.

    Other details don’t generally need to be shared with an employer until after you’ve gotten an offer.

    Tips for identifying scams

    Whether you’re replying to a job posting or a recruiter, you must research the company, especially if you didn’t initiate the conversation, Velasquez said.

    Fake recruiters often contact job seekers through social media or text messages. If someone reaches out to you, verify their identity before responding to their message.

    Here are a few recommendations while you research the recruiter or the company:

    • Don’t respond to the message right away.
    • Go online and research if the company has current job openings on its official website.
    • Research the name of the recruiter and check if the person has a verifiable social media presence.
    • If the company has a job opening on its website, apply directly through the website.

    Don’t reply or click on links

    If you receive a message from a recruiter, it’s best to not respond unless you know that the source is reputable. Avoid clicking on any links sent to you, whether to apply for a position or to fill out a questionnaire.

    In Islam’s case, the scammers sent her a form with interview screening questions where they asked for her personal information.

    Don’t deposit checks

    A common tactic is for scammers to send you a fake signing bonus and then ask you to send some money back, supposedly to cover expenses. This is a way for scammers to steal money from job seekers, said Alvaro Puig, consumer education specialist at the Federal Trade Commission.

    “If you deposit a check and it’s fake, your account will show the money is there. But then days later, the bank will discover that it was a fake check,” Puig said.

    So, if you take out money from your account and send it to the fake recruiter, the money will be coming from your bank account and it will be impossible to get back.

    Be selective with the job openings you trust

    When job hunting through platforms like LinkedIn and Indeed, Velasquez recommends being very cautious with job openings and recruiters you trust. While these platforms are reputable and many of their job postings are real, the companies cannot verify every single employment opportunity posted. This creates an opportunity for scammers to post fake job listings and trick people.

    “Don’t let platforms that you know are legitimate allow other people to borrow that trust,” Velasquez said.

    After her experience with job scammers, Islam has been more careful with the job openings she trusts. Now, she has a list of steps she follows, including verifying a recruiter’s email through a free email address validator, such as Emailable or Clearout, and calling the company directly.

    “This is adding a lot more time to my job search now but I can’t just blindly trust that this person is who they say they are,” Islam said.

    Report the scam

    If you or a family member is a victim of a scam, it’s good practice to report it on the FTC’s website.

    ___

    The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.

    Recommended newsletter
    Data Sheet: Stay on top of the business of tech with thoughtful analysis on the industry’s biggest names.
    Sign up here.

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous ArticleBrazil institute sues social media giants for $525 million over excessive use by minors By Reuters
    Next Article “Time To Get Ready For Another Bull Run,” Bitcoin Analyst Says— Here’s Why
    Anthony M. Orbison
    • Website

    Related Posts

    Where Analysts Think Bitcoin is Headed in 2025

    December 23, 2024

    Fed says it is weighing changes to bank tests for systemic risk

    December 23, 2024

    Housing crisis: Mobile home prices soar faster than single-family homes

    December 23, 2024
    Leave A Reply Cancel Reply

    Amazon.com, Inc.
    $193.06
    $0.98
    0.51%
    Meta Platforms, Inc.
    $592.49
    $5.52
    0.92%
    S&P 500
    $5,659.91
    $4.03
    0.07%
    Alphabet Inc.
    $154.38
    $1.37
    0.88%
    EUR/USD
    $1.12
    $0.002
    0.18%
    EUR/JPY
    $163.52
    $0.192
    0.12%
    USD/CAD
    $1.39
    $0.0013
    0.09%

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    We're social. Connect with us:

    Facebook X (Twitter)
    • Home
    • About us
    • Contact
    • Disclaimer
    • Privacy Policy
    © 2025 Marketsnews.co.uk

    Type above and press Enter to search. Press Esc to cancel.