Whoscall uncovers 3 investment scam channels targeting OFWs

Whoscall, a global anti-scam application, has identified three primary channels used by investment scammers targeting Overseas Filipino Workers .

“These scams typically involve enticing victims with promises of high returns on investments, often using fake or misleading information to lure them in,” she added. “These scammers, like in other scam cases, exploit the vulnerabilities of OFWs by promising that they won’t need to work abroad if they invest,” said Migriño.

“Because of its accessibility to OFWs, scammers nest on these platforms with convincing ads. Many OFWs are lured into clicking unverified links that lead them to fake investment platforms. Once they invest, the money is gone, and they become victims of these schemes,” Migriño explained.While many platforms have entered the market, email remains one of the top tools’ scammers use to execute investment scams.

These emails often contain fake testimonials or exaggerated claims to entice recipients into investing.One of the best ways OFWs can maintain cyber hygiene is by downloading anti-scam applications like the Whoscall App. She also urged OFWs to stay vigilant, especially during the holiday season when generosity is high due to tradition.

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