Fraudsters are getting smarter every day and continually inventing new methods to get your information and money. All schemes are designed to get one of two things: your money or the passwords and other data that can be used to get your money. The moment you receive a request, it’s time...
Crypto fraud:Can refer to any fraudulent schemes related to cryptocurrencies. Investment fraud:Typically involves the misrepresentation or omission of information related to investments to deceive investors. Charity fraud:Can involve the misappropriation of donations or the creation of fake charitable organisa...
Companies of every size fall victim to these fraud schemes every year—with sources of attacks that can be either internal or external. 1. CEO fraud - business email compromise (BEC) In CEO fraud, company employees receive texts and emails that look like they're from the CEO—or the CFO,...
Consumer fraud - occurs when individual consumers are defrauded. It includes identity theft, check fraud, email fraud, credit card fraud, visa fraud, atm fraud, contractor fraud, mail and fraud letters, charity fraud, telemarketing scams, Ponzi schemes, health insurance fraud, id fraud, medical ...
In this chapter, let's delve into the murky world ofimpersonation fraud, unveiling 20 common schemes that scammers rely on to ensnare victims and robust defenses against these traps. Impersonation Fraud Scammers often pose as leaders, relatives, and government officials, attempting to defraud indivi...
To carry out these fraud schemes, fraudulent actors may trick customers by using a variety of tactics, such as fake reviews or testimonials, misleading product descriptions, and false claims of authenticity. And because e-commerce fraud is not limited to a single type of fraud in each scenario...
A few common subcategories of fraud include mail fraud, healthcare fraud, pyramid schemes, and work from home fraud.What is Fraud? What is fraudulent? The definition of fraud is an intentionally deceptive action taken to illegally gain access to something, or to deny another individual one of ...
Imposter scams were the most common type of fraud, with scammers using Authorized Push Payment (APP) schemes to trick customers into executing ACH transitions. Since ACH fraud can be committed with just two pieces of stolen information – a business checking account and a bank routing number –...
The FBI deals with thousands ofmortgage fraudcases each year. Mortgage scams are often aimed at distressed homeowners. These scams include foreclosure rescue schemes, loan modification schemes, andequity skimming, among others. They are often carried out by real estate and mortgage professionals who ...
Insurance fraud by the policy issuer does occur, although the majority of cases have to do with the policyholder attempting to receive more money by exaggerating aclaim. More sensational instances, such as faking a death or committing murder for the insurance money, are comparatively rare. One of...