Editorial

Halt fraudulent online business transactions!

Technology has made it possible for business to be carried out with ease without physical transaction between the seller and the buyer.

This is very good and more convenient for businessmen and women who are always working under pressure due to the little time they have at their disposal.

The increase in online business transaction for example, helps to boost business in all sectors of the country. Online transactions lead to rapid business growth and increase the profit levels of business entities.

The problem, however, is that many fraudulent individuals and groups have managed to study the system and take advantage of available loopholes to cheat unsuspecting people.

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The Economic and Organised Crime Office (EOCO) is concerned about this unfortunate development. It has, therefore, drawn the attention of the public to be careful about the surge in fraudulent online business transactions in the country. 

In light of this, people must be very careful not to part with money until they are sure that those they are dealing with are genuine. Otherwise, if they part with money to the wrong hands via online, the fraudulent dealers will vanish into thin air immediately and tracing them may be difficult.

Online business transaction is good, but if it leads to fraud, then people will have to be very careful about such transactions. We all need to be wary of such fraudulent acts, so that we will not easily fall victim to such schemes.

EOCO has done well in alerting people to this negative development, so every individual should pay attention to this advice to avoid being cheated or deceived by unscrupulous persons.

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Money is difficult to come by these days. For this reason, every effort should be made to avoid falling victim to any trickster.

Many a time, such warnings are not taken seriously until people fall victim to these unfortunate schemes. Some have fallen victim to this that is why EOCO has carried out thorough investigation on the matter and issued an alert to warn them against such fraudulent online business transactions.

It is very convenient to carry out business transactions to obtain the goods and services required, but people should go the extra mile to ensure that they protect themselves against such fraudsters.

In this connection, any little suspicion about such fraudulent online transactions should be quickly reported to the security agencies. This is how we can protect ourselves as responsible citizens.

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