Tech support fraud occurs when the subject claims to be associated with a computer software or security company, or even a cable or Internet company, offering technical support to the victim. Phony tech support companies utilize several different methods to contact or lure their victims. This list is not all inclusive, as the subjects are always varying their schemes.
A money mule acts as a layer of distance between a scammer and their victims by handling stolen funds on behalf of someone else, either knowingly or unknowingly. Money mules make a scam harder to trace and the money even harder to find.
Beware of offers that promise quick cash or a commission in exchange for receiving money and then sending it to someone else. This may take the form of a fake job opportunity, investment scheme, or prize award.
Avoid Scams That Pose as a Financial Institution
Thursday, November 02, 2023
Scams impersonating financial institutions have become increasingly prevalent in our digital age. Falling for one can cost you money and peace of mind. Stay informed and safeguard your financial well-being as we dive into the latest tactics of fraudsters that masquerade as legitimate financial institutions.
Many basic necessities rely on utilities we take for granted. And that makes them perfect for a scammer to exploit. Like many other scams, utility scams occur when a scammer pretends to be someone they’re not. In this case, the scammer poses as a representative from your power or water company and threatens to turn off your services unless you send payment right away or provide some important personal information.
Whether you’re looking for a houseplant, a coffee table, or a new gaming console, online marketplaces can be great places to start. But be careful. Anonymous listings and virtual transactions are ripe for online marketplace scams, which can take a variety of forms.
