At The Globus Group Corporation, we have controls and processes in place that offer fraud protection to our clients and our infrastructure. The following resources are intended to help users enhance those processes to further protect themselves from cyber threats. The digital transformation of financial services brings convenience to our clients and enhances the way we do business. However, it also provides cyber criminals with the opportunity to defraud online users and steal valuable information and/or financial assets. Users who are less equipped with cybersecurity knowledge are more vulnerable to becoming victims of cyber threats and online fraud.
Cyber criminals may impersonate or claim affiliation with The Globus Group Corporation and create fraudulent websites, email domains, mobile applications, social media accounts and e-commerce accounts; send emails or text messages; and make phone calls in order to, among other things, solicit business or monetary payments from users.
Protect yourself from online investment scams
In today’s digital age, online investment opportunities are abundant, offering the promise of lucrative returns and financial growth. However, this convenience has also created fertile ground for scammers to prey on unsuspecting individuals and businesses. Understanding how to identify and avoid online investment scams is critical to safeguarding your financial future.
Common Red Flags of Investment Scams
1. Guaranteed High Returns: Be wary of promises of guaranteed profits or exceptionally high returns with little to no risk. Legitimate investments carry some level of risk, and no one can guarantee consistent, unrealistic gains.
2. Pressure to Act Quickly: Scammers often create a sense of urgency, pushing you to invest without conducting thorough due diligence. They may claim that the opportunity is time-sensitive or that you’ll miss out if you don’t act immediately.
3. Unregistered Platforms: Legitimate investment platforms and brokers are registered with financial regulatory authorities. Always verify the credentials of a platform or individual before engaging in any transaction.
4. Too Good to Be True Offers: Investments that promise returns far exceeding market norms should raise immediate concerns. Scammers often exploit the allure of easy money to manipulate victims.
5. Lack of Transparency: Fraudulent schemes often involve vague or overly complex explanations of how your money will be invested. If you cannot get clear answers, proceed with caution.
Popular Types of Online Investment Scams
1. Ponzi Schemes: These involve paying returns to earlier investors using the capital of newer investors rather than legitimate profits from investments.
2. Fake Cryptocurrency Platforms: With the rise of digital currencies, scammers have created fake cryptocurrency exchanges and tokens, tricking investors into buying worthless assets.
3. Phishing Scams: Fraudsters may impersonate legitimate investment firms, using fake websites or emails to steal personal and financial information.
4. Pump-and-Dump Schemes: Scammers inflate the price of a low-value stock through misleading information and sell their shares once the price spikes, leaving other investors at a loss.
How to Protect Yourself
1. Do Your Research: Investigate the investment opportunity, the company behind it, and its track record. Look for reviews, regulatory filings, and professional accreditations.
2. Verify Licensing: Check if the investment platform or broker is registered with your country’s financial regulatory body, such as the SEC in the U.S. or the FCA in the U.K.
3. Be Skeptical: If something sounds too good to be true, it probably is. Approach every investment opportunity with caution, especially if it seems overly promising.
4. Protect Your Information: Avoid sharing personal or financial information over unsecured channels or with unknown entities. Use secure platforms for all financial transactions.
5. Seek Professional Advice: Consult with a licensed financial advisor before making significant investment decisions, especially if you’re unsure about the legitimacy of an opportunity.
The Role of Corporations in Combating Scams
Organizations like the GLOBUS Group are committed to promoting financial literacy and raising awareness about the dangers of online investment scams. By fostering a culture of informed decision-making and vigilance, we aim to help individuals and businesses protect themselves from falling victim to fraudulent schemes.
In the ever-evolving digital landscape, staying informed and cautious is your best defense against online investment scams. Remember: when it comes to your financial future, due diligence is not optional—it’s essential.
For more information or assistance in identifying and avoiding scams, contact the GLOBUS Group team today. Together, we can create a safer investment environment for all.
Business Email Compromise (BEC) is online fraud committed through spoofed or compromised email accounts. A user may receive an email that appears to be from a known source or trusted sender requesting information or a fund transfer. Typically, there is an unexplained urgency and/or a request for a change of payment instructions.
Generally, payment instructions should be authenticated using a separate, more secure channel. For example, in addition to email verification, details may be confirmed verbally by calling a trusted phone number (i.e., a call-back verification). Experts in fraud protection advise that you be sure to check for anomalies in payment instructions and compare emails such as banking information update requests against legitimate emails you have received in the past.
Important Notice – Give special attention to the email domains of incoming emails. Emails from The Globus Group Corporation will always be from one of our official email domains, not from public domains (e.g., @gmail.com, @icloud.com). If you are uncertain or have reason to believe that an email is fraudulent, contact your Client Representative immediately.