The internet is a fantastic technological innovation, but this invention has come with some downsides. The ability to remain anonymous, spread information, and make fast transactions means that the internet is also the perfect place for scammers. Being aware of these common types of internet fraud will help people to stay safe online.
This is an incredibly common form of scam where a popup or email claims that a person has won some sort of sweepstakes. The person may be required to click on a link that downloads malware and spyware onto their computer, or the scam may ask the person to pay money for shipping the prize.
Online Shopping Fraud
There are all sorts of scams that try to prey on online shoppers. They can include a seller not giving the buyer what the buyer paid for, or it can be a buyer who claims there is a default in the product to try to get a fraudulent refund.
Scammers use photos of attractive people to make friends online. After getting their victim’s trust, they start asking money for plane tickets, medical bills, or phone minutes.
Work From Home Scam
After presenting itself like an opportunity to work from home selling items, the scammers require people to pay money for inventory. However, it then turns out the inventory the person is actually a cheap product that will not sell.
This type of scam can get a lot of money from victims. It uses the internet to create realistic looking websites for investing money, but then the scammers just pocket the money and fake returns until the person tries to withdraw their investment.
International Money Transfer Scams
Also referred to as a “Nigerian Prince Scam” this type of scam claims that a person needs an advance fee or bank account information to transfer funds between countries, and it promises to give the person a percentage of the transferred funds.
These scams use a variety of methods like phishing, malware, and even catfishing to get personal information from a person. Then they use this information to open credit cards, commit crimes, or otherwise take advantage of a person.