TYPES OF SCAMS Internet frauds/scams: Online auction schemes such as fake or dishonest EBay sellers, Nigerian money offers, lotteries, advanced loan offers, fake checks/money order offers and work-at-home plans. Phishing is a mainstay of Internet scam success. Internet frauds/scams: Online aucti...
To stay informed, familiarize yourself with the most common scams circulating. The Federal Trade Commission sends consumer alerts, and the FBI, which issues public service announcements on the latest schemes, will soon offer an option to subscribe to email updates. Check your emotions.Criminals a...
Phishing scams are the most common attacks on consumers. According to the FBI, more than 300,000 people fell victim to phishing scams in 2022 and 298,000 in 2023. Collectively, those people turned over $52.1 million to scammers in 2022 and more than $18.7 million in 2023.45 Their method ...
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6. Social Security Scams Social Security scams are similar to IRS frauds. Here too, the fraudster impersonating as officer of the Social Security Administration calls unsuspecting senior citizens. These criminals usually ask the elderly to ‘update’ their Social Security details such as account numbe...
4. Bitcoin Scams and Fraud ExamplesIn Scams and frauds, attackers exploit the weakness of the human factor to put their hands on your Bitcoin. Usually, this is done by the fraudster claiming to be someone or something he’s not. Here are some common scams and fraud schemes:...
In 2021 alone, cryptocurrency scams and theft in the DeFi sector totaled over $12 billion in crypto assets stolen from user wallets, as well as exchange holdings. Part of this theft was due to poorly programmed smart contracts and weaknesses in platform security, but the rest were due to cry...
2. Government imposter scams In this senior scam, fraudsters contact older people claiming to be representatives from a well-known government agency. This could include Medicare, the Internal Revenue Service (IRS), or the Social Security Administration (SSA). ...
How to protect yourself from cryptocurrency scams Many crypto frauds are sophisticated and convincing. Here are some steps you can take to protect yourself: Protect your wallet:To invest in cryptocurrency, you need a wallet with private keys. If a firm asks you to share your keys to participate...
Many people seek love and companionship online. But it’s not without risk. Romance scams are but one of many common types of cyber frauds. The scammers gain the trust of their victims, even making them believe they are in a romantic relationship and persuade them to elicit money transfers...