What are common online fraud schemes I should be aware of?
There are several common online fraud schemes that individuals should be aware of to protect themselves. Some examples include phishing scams, where fraudsters try to trick individuals into providing personal information such as passwords or credit card details, fake online shopping websites that take payment but never deliver the goods, and investment scams promising high returns with little risk. It's important to stay vigilant, protect your personal information, and only engage in transactions with reputable and trusted sources.
One common online fraud scheme is the "Nigerian Prince" scam, where individuals receive an email from someone claiming to be a Nigerian prince or government official who needs help transferring a large sum of money out of the country. They typically ask for personal information and financial assistance in exchange for a share of the funds. Another scheme is identity theft, where fraudsters steal personal information, such as social security numbers, to commit financial fraud. They may use this information to open credit cards or take out loans in someone else's name.