Types of Online Fraud

By Jason A Smail | Business and Finance

Apr 10

Phishing scams are based on communications created via email or social media networks. Fraudsters will send you messages and try to trick you into giving login access from their bank account, social media, work account, or other personal data that are valuable to them. To do this, phishing emails are created as they come from official sources, either from banks, other financial institutions, corporate representatives, or social networks. That way, fraudsters will persuade you to click on a link that contains their message and access a website that looks real but is actually controlled by them. You will be escorted to a fake login access similar to the original website. If you are not careful, you can provide login access and other personal information. If you want to access a secure online shopping website, you can visit Ebay made easy.

In order for this deception to succeed, fraudsters create a sense of rush. They will tell you a scary story about how your bank account is under intimidation and how to immediately access a website page where you must enter confidential data to confirm your identity or account. Of course, the available links will only point you to a fake web area and not to the original login page. After filling your online bank secret data, fraudsters use it to bypass the original bank account or sell it to a third party. There is no reason not to be wary of this crime. Even if you install the best antivirus program, there is no better way to be safe from this threat than to avoid it. In addition to phishing scams, there are also money laundering scams.

This money laundering fraud is actually the oldest and most popular crime scheme. Most of us have encountered it in our email inbox. Since this fraud goes into the old model category, there are many variations. Fraud usually begins with email messages from authorized government members, entrepreneurs, or rich family members (usually women) who ask you to give help to collect some money from the bank, by paying the costs for the documentation. In return for your help, fraudsters promise enormous amounts of money. Of course, this is just the beginning. Afterward, they will ask you to pay more for additional services, such as transfer fees. You even receive documents to make you believe. In the end, you suffer losses without getting the promised money. There are also cases where not only money is lost, but also human life.

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