The benefits of technology are immense. Sitting at home, you can pay your bills, shop and buy gadgets, and connect with family and friends in any corner of the globe. This same technology that you use to improve your life has also given cybercriminals an anonymous way to commit crime without the victim’s knowledge. Yes, it’s true!
Just as you can access many sites, criminals can also access your computer and sensitive data to commit fraud. Some countries are more affected than others and Americans, unfortunately, due to their widespread use of technology, are often victims of online fraud.
Here are the top five concepts of online fraud designed that primarily target Americans:
This scam is carried out through social networking sites or emails, where cybercriminals communicate with you using genuine messages. You may think your bank, social networking site, or tax authorities have sent you a message. The purpose of this trick is for you to enter your login information for your bank account, social media profile, cloud storage, or any other online platform where you store your personal and confidential data.
The email you receive will look genuine and contain a link that you will need to click. It will then take you to a website that looks legitimate where you will be asked to enter your login details. The moment you do this, you are handing over control of that account to cyber criminals, who will hack your account to withdraw all your money or sell your information to nefarious elements on the dark web. Just read Lee Child’s Make Me book!
The Nigerian scam was one of the first scams launched by cybercriminals on the internet, and it is still going on. This scam begins with an email that gives you an emotional appeal from an ultra-wealthy family member, businessman, or senior government official to help you access astronomical sums from from a bank. The email will ask you to pay a small fee for some of the paperwork and handling legal matters and will promise you a large sum of money in return.
If you get greedy and fall for this scam, you will be financially devastated. The request for money is ongoing and you will have to keep giving it to the crooks. You can even get official documents to convince you to part with more money. The result of all the variations of Nigerian scams is the same; you will be left bankrupt and will not receive a dime from the “deal”.
Greeting card scam
You can receive a greeting card in the form of an email. It will appear that a friend or acquaintance sent it to you. If you click on the map in the email, malware will be downloaded to your system. This software can result in multiple pop-up windows opening or in worst case ransomware asking you to pay money to give you access to your system.
If your computer contains sensitive data, the criminal controlling the software will be able to access that data and use it to their advantage. As a result, it could lead to identity theft, hacking overdue accounts, or accessing your social media platforms to access your personal and private data.
Credit card scam
In these difficult times, many people have poor or poor credit. So it can be difficult for them to get a banking offer for a credit card. Remember, if something is too good to be true, it probably is, and therefore, you shouldn’t be fooled.
If you think about it logically, why would a bank or credit card company offer you a credit card without having a clue about your financial situation? While many Americans have awakened to this scam, there are still others who fall prey to it. As a result, they end up paying the mandatory processing fee after which they never see the promised credit card or hear from the scammers.
According to the Federal Trade Commission or FTC, identity theft is extremely prevalent in the United States, with a minimum of 490,000 people reporting this type of fraud. All it takes is for a cybercriminal to have access to your personal information or emails to commit identity theft.
Online fraud typically involves stealing your banking information, social security number, and / or credit card details. Then the fraudster will use this information to make financial transactions or make purchases. And you will be held responsible for it. Missouri has the highest number of identity theft complaints, according to the Consumer Sentinel Network Data Book. Second place goes to Connecticut, followed by Florida in third place.
These are the top five online fraud schemes targeting Americans. It is essential that you adopt exceptional online security measures, such as using a VPN, to avoid becoming a target. Also carefully check your bank account and other financial statements each month. Above all, never part with your financial details and your social security number.
Source by Ali Jawad