What is Vishing Scam? How To Avoid Voice Phishing Scams?

It’s a typical situation when a user accesses a social networking platform and clicks on an alluring link; a blue screen telling them to call the provided toll-free number to fix a critical computer issue then appears.

A helpful technician who is eager to help you for a fee answers the phone. Once credit card details are given to purchase the computer problem-solving software, the trick is finished and the victim suffers dearly.

When the program doesn’t function, the kind technician vanishes without a trace. The individual has been a victim of the dishonest vishing scam yet again.

What is Vishing?

Vishing, often known as voice phishing, is a type of cybercrime in which fraudsters call their victims and obtain their private data. Vishing attacks are carried out by cybercriminals who utilize methods of social engineering to get their victims to share confidential data to gain access to financial accounts.

Vishing is similar to classic phishing (based on email messages) and smishing (based on text messages). In that, the attacker persuades the victim that a cybercriminal is worth working with. The criminal can pretend to be an agent of the bank, taxing agency, etc.

Examples of Vishing Attacks 

Here are a few illustrations of typical vishing attacks: 

Financial Fraud 

Attackers who use phishing try to obtain financial data. ID spoofing is one way they trick their victims into thinking they are a real business. They accomplish this by employing an ID that appears to have come from a legitimate company. For instance, a fraudster might pretend to be a member of the financial team and ask the target to send money to an anonymous account.

Tax fraud 

Scammers often send victims a prerecorded message that sounds like it came from the IRS and says that there is a problem with their tax returns. Often, fake caller IDs make it appear as though the call is coming from the IRS.

Investment Offers

Scammers frequently call their intended victims and offer unrealistically alluring deals. These offers typically come with a cost and call for a quick response. A respectable lender or investor won’t make overly pessimistic offers or begin unwanted communication.

Typical Vishing techniques to watch out for are:

  • The personal information that you provided has been stolen.
  • Your financial information was hacked or red-flagged
  • You’ve won a cost-free trip.
  • The device you’re using needs technical support because it has been corrupted.
  • You are qualified for a free COVID test or a trial vaccine.
  • Verification of a credit card charge is necessary.
  • Your relative or friend got hurt in an accident.
  • A nonprofit organization is asking for donations for disaster relief.

How Can Vishing Be Avoided?

Ignoring communications is the best course of action for avoiding becoming a victim of vishing. When a potentially dangerous call comes in, scam alerts are shown by the scam algorithms that telecom companies use. You can’t, however, count on the telecommunications companies to block all dubious calls. By adopting the proper precautions, users can protect themselves.

Here are some precautions to take to protect yourself from Vishing attacks:

  • Never disclose sensitive data to anyone who contacts you through voice calls or texts. A trustworthy organization will provide the primary phone number you can call to confirm the call is coming from an official line.
  • Don’t answer calls from suspicious numbers. Allow the phone call to be sent to voicemail if you cannot identify the individual’s number.
  • Regardless matter wherever the caller professes to be from, never provide anyone with important information over the phone.

Are you a victim of vishing scam? File a complaint

Although vishing and other frauds like pishing won’t go away anytime soon, being alert and having an appropriate amount of concern will help lower the likelihood of suffering losses as a result of these scams.

If you are a victim of a vishing scam, file a complaint here. Scam Victims Help will help you get back whatever you lost to the scammer. We also provide a free consultation to help people stay away from such scammers and scams.