Phishing Frauds
In order to deceive people into divulging their personal or financial information, con artists pose as reputable companies or financial organizations. They frequently employ phony emails, texts, or websites that imitate reputable businesses to trick victims into entering personal information like credit card numbers or login credentials.
Fake Websites
Con artists build phony websites that bear striking resemblances to authentic e-commerce sites or payment gateways. Scammers entice victims with attractive deals or discounts, but when they try to complete a transaction or submit payment details, they take the victims’ money or personal data.
Identity Theft
In identity theft schemes, con artists take use of victims’ personal information, including bank account numbers and Social Security numbers, to create credit lines or conduct unlawful transactions in their names. This data can be gained via deceiving people into disclosing sensitive information, phishing attempts, or data breaches.
Overpayment Fraud
In this scheme, scammers make a large payment to a seller for goods or services, often using a stolen credit card or a fake payment confirmation. They then claim to have overpaid and request a refund for the excess amount. Once the seller refunds the money, the original payment is reversed, leaving the seller out of pocket.
Payment Interception
When a genuine payment transaction is intercepted, hackers divert the money to their own accounts. They might use weaknesses in online banking platforms or breached payment systems to divert funds meant for authorized receivers.
Advance Fee Fraud
This scam involves persuading victims to pay upfront fees in exchange for promised goods, services, or financial benefits that never materialize. The fraudster may pose as a lottery official, a government representative, or a wealthy individual offering investment opportunities.