Scams, identity theft and cybercrimes threaten everyone.  Every year people lose billions of dollars to scams, identity theft and cybercrime.  No one is immune to these dangers.   Young and old alike are victims and if you think you are too smart to become a victim, you are wrong.  According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.

The key to protecting yourself from scams cybercrime and identity theft is education and that is where Scamicide.com comes in.  Here at Scamicide.com you will learn how to recognize scams, cyber security threats and  risks of identity theft as well as how to avoid them. Here at Scamicide.com we also alert you each and every day to the latest developments in scams, cyber security and identity theft and tell you what you need to do to protect yourself. It is a dangerous world out there, but Scamicide.com can help you make it safer. 

Scam of the DaY november 16, 2018

Secret Sister Scam Resurfaces

What is old, is new again. According to numerous reports around the country, the Secret Sister scam is back. I first reported to you about this scam in 2015. It seems harmless enough when you see it come up in your email or on social media, such as Facebook and Twitter where it has been increasingly been found lately.  It is often titled the "Secret Sister Gift Exchange" and it generally provides you with a list of six people.  You are told to send a gift worth at least ten dollars to the first person on the list, remove that person's name from the list, move the second person on the list to the first position, add your name to the end of the list and then send the list to six of your friends.  In theory, you will receive thirty-six gifts for your small contribution of ten dollars.

So where is the harm?

First of all, it is a blatantly illegal chain letter and violates Title 18 of the United States Code, Section 1302.  In addition, like all chain letters, ultimately, it is destined to fail because it is a pyramid scheme where ultimately we run out of people on the planet.  In this particular version of the illegal chain letter, you are required to provide personal information that can lead you to become more vulnerable to scams and identity theft schemes.

TIPS

Avoid all chain letters regardless of the guise under which you receive them.  They are illegal.  In addition, although in some instances this particular chain letter is turning up on Facebook pages, it is a violation of your Facebook terms of agreement, so you potentially face the loss of your Facebook account if you participate in the scheme.

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