*What is P2P Scamming?*
Emerging in Pakistan
P2P scamming involves fraudulent activities on peer-to-peer lending and trading platforms, exploiting vulnerabilities in decentralized networks.
*Common P2P Scams:*
1. Phishing scams: Scammers pose as legitimate lenders or borrowers, tricking users into revealing sensitive information.
2. Ponzi schemes: Scammers promise unusually high returns, using funds from new investors to pay earlier investors.
3. Fake lending platforms: Scammers create fake platforms, disappearing with invested funds.
4. Identity theft: Scammers steal user identities, accessing accounts and funds.
*P2P Scamming in Pakistan:*
Pakistan has seen a rise in P2P scamming, particularly on platforms like EasyPaisa, JazzCash, and cryptocurrency exchanges.
*Prevention Measures:*
1. Verify platform authenticity.
2. Research lenders/borrowers.
3. Be cautious of unusually high returns.
4. Use strong passwords and 2FA.
5. Monitor accounts regularly.
*Reporting Scams:*
1. Federal Investigation Agency (FIA) Cybercrime Wing.
2. Pakistan Telecommunication Authority (PTA).
3. State Bank of Pakistan (SBP) Financial Monitoring Unit.
*Sources:*
1. Dawn: "P2P lending scams on the rise in Pakistan"
2. The News: "FIA warns public about P2P lending scams"
3. The Express Tribune: "Pakistan's P2P lending market faces scamming threat"