Online fraud: 9 ways to prevent Yahoo boys from clearing your bank account
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Online fraud: 9 ways to prevent Yahoo boys from clearing your bank account

In this day and age where most of our activities are online, it is quite risky to be carefree about how we use the internet.

Online fraudsters popularly known as Yahoo boys are making the use of technology, especially as to how it is connected with our money, a horrible experience for many.

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These are therefore nine proven ways to avoid becoming one of their victims:

1. Verify identities

Yahoo boys or online fraudsters make use of stolen identities to pretend to be what they are not to scam you. Before you engage with anyone online, verify them first to make sure they are who they say they are.

2. Do online findings

Before you go into business or transaction with an organisation, make sure to do online searches on the company's name or include their name in a phrase that includes words like “scam” to see if the business has a history of shady dealings.

3. Avoid paying upfront for a fantasy

Don't respond to any unsolicited email saying you have won a random prize that could only be claimed with an advance payment. Most times, the prizes are too juicy to be true.

4. Stop submitting your card details on every site

In fact, do not on any at all, except you are making a transaction on the site. If you are on a merchant site, make sure the site is secure before you use your card on it. The best way to ascertain the security is to look out for the “s” added to the “http” part of the site’s url in the address bar.

5. Don’t mail your bank pin to anyone

This is one of the ways Yahoo boys use to clear funds out of peoples’ accounts. Your bank will never ask you for your pin via any means.

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6. Don’t wait long on the phone if you suspect scam

If you receive a phone call out of the blue, and the conversation is becoming suspicious, hang up immediately, do not continue the conversation.

7. Keep your system safe

Never share a computer that has all your financial details. This is why it is called your Personal Computer (PC). Sharing your PC is one way to get your details stolen

8. Sign up for scam alert with your banks

Banks are always educating their customers through newsletters on how to protect yourself against scam, it is import to sign up for the alert so you are updated of the newer ways Yahoo boys employ.

9. Talk to someone

Do you suspect that something could be wrong, better talk to someone about it as quick as you can.

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Meanwhile, earlier reported that the south-east zonal office of the Economic and Financial Crimes Commission (EFCC), on Wednesday, May 1, arrested 37 suspected internet fraudsters in Owerri, the Imo state capital.

The arrest followed a raid on some targeted residences in Okwu Urata, Aladinma and Egbu areas. ( -> We have upgraded to serve you better

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