The fifth ĠEMMA Little Black Book of Scams and Frauds was launched during a webinar titled Scams and Frauds: How to Spot a Scam.
Produced in collaboration with HSBC Malta Foundation, this e-book tells the stories of a number of real cases of scams and frauds which happened in Malta, resulting in the loss of significant monies by both business and private citizens.
A quick poll of the attendees also revealed the prevalence with which scams are being encountered on a daily basis. The panel discussed a number of new trends and recent developments pointing to the increasing sophistication of scammers and fraudsters who are using cutting-edge technology such as phone number spoofing to make the scam appear more authentic and target to the victim’s profile.
Knowledge and vigilance continue to be the best weapon to identify and not fall victim to these scams.