Types of Online Fraud

By: Sara K

The term online fraud refers to all those schemes that use online services to perform fraudulent schemes. Without accessing tools for fraud prevention these online fraud activities can cost anything to the users. There are other various kinds of online frauds that include:

• Stolen credit cards;

• E-mails;

• Lotteries;

• Fake auctions

• Untrustworthy Websites

Credit Card Online Fraud

Credit Card online fraud is a very common problem in today’s world. Some people do not bother much about it and for some people it is unavoidable because the con artist is able to gain the confidential credit card information via scam. To some extent the risk of online fraud can be reduced.

• Do not ever allow the card out of your sight

• Check your payment receipt every time and make sure the amount is correct

• Try not to write the pin number anywhere and memorize it well

• Get the card cancelled if misplaced in any case

• Be careful while making big transactions

• Be careful while responding to special offers online

E-mail Online Fraud

E-mail is an inexpensive way and popular method for distributing fraudulent messages, so we should never respond to mails that seek personal information or involves money issues. So to avoid e-mail fraud we can follow some steps:

• Don’t trust mails which say they are from bank

• Don’t trust links in e-mails, they might be fraud

• Don’t respond to mails asking for personal information

• Don’t trust any mails asking for help or charity purposes

• Don’t get trapped in greed factor

Fake Websites

Cyber criminals are spending millions of pounds setting up fake websites that persuade well-established companies seeking their confidential information. So we should avoid:

• Websites not beginning with “http”, they are not safe

• Do not trust sites which offer big money reward

• Make sure that the site is trust worthy and don’t submit personal information to any flashy site

Lotteries

These scams make us think that we have won a money prize and then they ask us for our personal information regarding our fake winning. We can guess if we are being cheated because:

• You know that u have not participated in any contest, for which they are offering a prize

• You are being asked for any personal information or processing fee

• You are asked for buying low-risk shares for funds

• You are offered bait prizes that are sub-standard

Fake Auctions

Internet is the best option for bidding or selling any stuff but at times it could be very risky. Online fraud auction nearly ranks the top among thousands of online fraud complains. To avoid fake auction results we should:

• Clearly mention when we want our shipment to be delivered

• Study the auction site carefully

• Avoid dealing with unknown sellers

• Consider the method of payment; do not use credit cards

• Know exactly what you are bidding on

No doubt there is tremendous increase in fraudulent online activities but we can always try to move ahead from these sophisticated criminals and prevent online fraud from happening.

About the author:

Online Fraud Prevention and Scam Control for High Risk and Offshore Merchant Accounts

Article Source: Free Articles Directory


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