Stocks of smaller companies rallied. Their livelihoods can be more dependent on the strength of the U.S. economy than their bigger and more insulated rivals, and the smaller stocks in the Russell 2000 index jumped 3.4%.
After a weeklong process that included an online form with interview screening questions, Islam was offered the job and received a check. She was asked to deposit it and send the company $1,000 to pay for shipment of equipment she’d need for the job.A few days later, her bank notified her that the check had bounced and, because it looked like she was cooperating with scammers, it was ending all banking relationships with her. That’s when she learned the job was a scam.
“I’m a little traumatized,” said Islam, who lost the $1,000 and unknowingly shared personal information with scammers.If you’re a job seeker, here are some recommendations from experts on how to avoid job scammers:Job scams are a type of
Scammers tend to use the name of an employee from a large company and craft a job posting that matches similar positions. An initial red flag is that scammers usually try to make the job very appealing, Velasquez said.“They’re going to have very high salaries for somewhat low-skilled work,” she said. “And they’re often saying it’s a 100% remote position because that’s so appealing to people.”
Some scammers post fake jobs, but others reach out directly to job seekers through direct messages or texts. If the scammers are looking to steal your personal information, they may ask you to fill out several forms that include information like your Social Security number and driver’s license details.
The only information a legitimate employer should ask for at the beginning of the process is your skills, your work experience, and your contact information, Velasquez said.Your financial goals can encompass more than just managing your money better — they can also be about keeping your money safe from
. A golden rule to protect yourself fromis to “slow down,” said Johan Gerber, executive vice president of security solutions at Mastercard.
“You have to slow down and talk to other people if you’re not sure (whether or not) it’s scam,” said Gerber, who recommends building an accountability system with family to keep yourself and your loved ones secure.Scammers use urgency to make people fall for their tricks, so taking your time to make any financial decision can keep you from losing money.