A Trap That Drives Email Scammers Crazy & You Can Use It, Too

Scammers Who Find Themselves Dealing With Nordic Procurement Will Soon Learn That There Is A Lot Of Red Tape In The Industry.

A Trap That Drives Email Scammers Crazy & You Can Use It, Too
By Tod Perry

At least 3.4 billion fake emails are sent around the world every day according to Security Magazine. These account for untold millions of losses due to online scams. Historically, the “Nigerian Prince” scam is one of the most popular. It typically involves the fraudster promising the victim a significant share of a large sum of money, in return for a small up-front payment. Once the fraudster gets the money they either disappear or continue to concoct more scanrios to fleece the victim. This scam dates back hundreds of years when scammers would contact businesses asking for money to get a wealthy relative out of a Spanish prison.

Boris Veldhuijzen van Zanten, a serial entrepreneur who is the founder of The Next Web tech events, shared how he fights back against scammers, and it’s pretty brilliant. He created a fake company called Nordic Procurement and when the scammer emails it, they’re sucked into a time-consuming rabbit hole of out-of-the-office replies. The point is to waste as much of the scammer’s time as possible so they prey on fewer people.

Nordic Procurement has a pretty funny tagline: “The only value of wasted time is knowledge. Stop wasting time, start trusting Nordic Procurement Services.” A procurement company takes over a company’s dealings with outside vendors and tries to come up with favorable terms. Scammers who find themselves dealing with Nordic Procurement will soon learn that there is a lot of red tape in the industry. After its initial success, Boris is looking for ways to scale and automate and his anti-scammer strategy.

This news was originally published at Good