Cybercrime Southeast Europe Newsletter No. 55
Dear Clients,
This week, there are no significant updates regarding the cases where criminal complaints have been filed. However, we would like to draw your attention to a few key points that can help you recognize manipulative tactics used by fraudsters and better prepare for the next steps in the process.
Understanding the Psychological Aspects of Fraud: How Fraudsters Manipulate People
While fraudulent activities are typically viewed from a legal perspective, it’s important to understand the psychological techniques fraudsters use to manipulate their victims. Many of these tactics are based on deep-seated human emotions and reactions. Here are some key psychological tricks that fraudsters often apply:
- False Urgency and Pressure to Make Quick Decisions
Fraudsters often create a sense of urgency and pressure, claiming that the opportunity is unique and there’s no time to think. This pressure can trigger panic reactions in victims, making it harder for them to make a rational decision. - Manipulating Trust and Sympathy
Fraudsters frequently present themselves as friendly advisors and use personal stories to create the illusion of trust. This emotional manipulation fosters a sense of camaraderie, drawing you into their networks. - Fear of Missing Out (FOMO)
The fear of missing out is one of the strongest triggers for making quick and irrational decisions. Fraudsters use this tactic to make you feel like you’ll lose out significantly if you don’t act immediately.
How to Recognize These Tactics and Protect Yourself?
First and foremost, it’s important to be aware of how these psychological tactics work. If you feel pressured, panicked, or distrustful of an offer, take a moment to calm down and assess the situation with some distance. Never make a decision under heavy emotional pressure.
Protection from These Tactics
Understanding these psychological tricks is the first step to protecting yourself. Always verify information, consult with someone you trust, and of course, reach out to us if you have any doubts.
Kind Regards,
Zoran Miljakovic
Attorney at Law