In just the last few years, we have witnessed the tightening of policies in the global online retail forex industry, the demise of the binary options industry, virtual currencies and initial coin offerings, blockchain and cloud mining, and the emergence of new metacomes as new "excuses" for fraud. It can be seen that even though we have been vigilant, it is not only the retail forex industry that has been updated over time, but also the financial fraud that has kept pace with The Times. How to guard against so many high-end new scams has become our new problem, today Tianye Jun will take you to talk about.

The reason why Internet fraud is getting worse

According to the statistics of the past two years, Internet fraud accounts for more than 50% of all illegal fraud activities, and according to a rough estimate, the global Internet fraud may cause losses of about 6 trillion US dollars by 2021.

The first reason is the development of social media sites, resulting in younger Internet users become the main victims, they do not have much social experience, mainly rely on the Internet, thus giving the scammers can take advantage of.

The second reason is the speed and convenience of online loans, which makes young Internet users the prime targets of scammers even if they do not have enough financial resources.

The third reason is the formation of systematic fraud groups, the former fraud may rely on a person or a few people, now more is the united fraud groups, each liar is responsible for their own "good".

The fourth reason to master the victim more data information, we all know that data leakage is a very serious problem, especially some private data are mastered by crooks, want to cheat is not easy.

The last reason is the most important, because the technology of scammers is becoming more and more mature, and more will package the way of fraud. For example, the previous simple "fishing" method of cheating money for a single person has evolved into the establishment of a false foreign exchange platform to induce a large number of traders to enter as platform users, so as to obtain more personal information and directly defraud funds.

The above various reasons lead to the Internet fraud is more and more mature, and tends to more young people to implement fraud. For us, only by increasing and maintaining a higher level of vigilance can we prevent these online scams.

"Change your name" high-risk products

We all know that the binary option scam was very hot earlier, the European Securities and Markets Authority (ESMA) has banned binary options in the EU, it seems to have disappeared from sight, but in fact more wearing a vest binary option scam still exists.

In addition to the binary futures, the crooks began to turn to virtual currency, and then blockchain investment, in fact, the crooks are using these "fresh names" to package their fraud, with some investors do not understand the professional term for the so-called platform to make money technology, as long as you believe, they give you a little sweetener, you will fall. Such a method is not similar to the common "stock recommendation scam" in foreign exchange, first pull you into the group and then the group must have stock experts sit down, if the stock market can not earn money to encourage you to turn to futures, foreign exchange and so on.

In fact, the harm of these scams is far less than that of foreign exchange funds, and the method of "changing the name of other high-risk products" is derived from the means of foreign exchange funds. Why is that? Tian Yan Jun has said numerous times that the foreign exchange fund is actually the use of development line, robbing the east wall to pay West Wall pyramid scheme, the essence is so, but the use of marketing excuses is not the same. This under the banner of "insurance model", that under the banner of "traffic sharing", it sounds like a very powerful way, really want to make money is to keep developing offline.

Sum up

It can be seen that the current scam is always covered with fresh financial terms, if the investor does not understand this new financial investment field, a careless will be fooled by the scammer. Tianye Jun is still the same sentence, know yourself and know your enemy, want to "navigate" in a financial investment field, you must first learn to understand it, identify it, do not listen to the word of others. The same is true in the field of foreign exchange, before conducting foreign exchange trading, learn to check the authenticity of the foreign exchange self-eye platform before conducting trading operations