What are some common online fraud schemes to be aware of?
It's essential to be aware of common online fraud schemes to protect yourself and your personal information. Some examples include phishing scams, where criminals try to obtain sensitive information by posing as legitimate organizations through email or fake websites. Another scheme is identity theft, where someone steals your personal information to commit fraud in your name. It's important to be cautious with sharing personal information online and to regularly monitor your accounts for any suspicious activity.
One common online fraud scheme to be aware of is the "Advanced Fee Fraud" or "419 scam." In this scheme, scammers contact victims claiming to have a large sum of money that they need help transferring. They ask for an upfront fee to cover various expenses before releasing the funds. Victims who fall for this scam end up losing their money and providing sensitive information to the scammers.