Five Types of Internet Fraud

New types of fraud are emerging all the time and it is not surprising that most of it is conducted online. Cyber criminals are able to be not seen or heard and can carry on their illegal operations undetected.

Identity Theft

This uses IP addresses, email accounts, postal addresses and devices to commit fraud. Fraudulent online purchases are just the start. For more on protecting your identity, check out Essential Best Practices for Effective Identity Verification in the UK.

Friendly Fraud

This happens when buyers pay for products then claim they never received them or they arrived damaged. Understanding why identity checking is important can help mitigate these risks.

Clean Fraud

This is when cyber crooks use stolen credit cards and transactions aren't flagged up because they have all your personal details.

Fake Sites

Fraudsters create websites to entice people to buy non-existent products or services, obtaining personal details in the process. Always ensure you are using verified sites, as discussed in What is Online Identity Verification?.

Phishing

Targeting through emails, phone calls and text messages that appear to be from legitimate companies, aimed at getting sensitive data.

Conclusion

Understanding the types of internet fraud helps you stay vigilant. Think twice before responding to unsolicited communications.