Most people spend at least a few
hours on the internet every day. We use it to buy things, perform business
transactions, and stay in touch with friends and loved ones. Conducting your
life online without knowing what is internet fraud puts you in a risky position.
Stay updated with current examples of online fraud so you do not become a
victim.
Examples of What is Internet Fraud
A likely example of what is internet
fraud you may encounter is phishing. Phishing occurs when a criminal poses as a
genuine individual or business and tricks you into giving away important
financial and personal information, including your bank account, credit card
numbers, and passwords. You receive an email that looks almost identical to
what the actual company or person would send in a legitimate electronic
communication. They instruct you to follow a link and verify an account or
confirm payment details and then steal the information and whatever they can
obtain with it.
If you have ever seen an offer for a
fast and easy way to make tons of money by working from home, you already have seen a good example of what is internet fraud. Scammers promote a seemingly
legitimate venture for starting your own business or performing work in your
house through social media posts and emails. They require you to buy a
step-by-step plan or materials to construct for a significant fee. You never
receive the materials after your purchase or incomplete instructions so you
cannot use them. If you purchased a kit to construct and return, the scammer
will reject your completed products and refuse you the promised payments.
Not getting what you paid for is a
fundamental feature of what is internet fraud. Scams using online auctions
showcase this perfectly. You find an expensive item like a necklace for your
mom’s birthday or a signed autograph for your romantic partner posted on a site
like iOffer, eBay, or uBid. You get so excited because there is not reserve
price and it fits your price range. You pay for the item, but the fraudulent
seller never provides the item or sends you one of less value and quality.
These are just a few types of fraud online you should know to avoid being
scammed.
Protecting Yourself
Becoming familiar with common instances of what is internet
fraud is the first step in protecting yourself from becoming a victim. Another
way to stay safe when you work and play online is to always use distinct
passwords for your online banking, credit cards, email, and other websites that
contain secure information. You should also install tough anti-malware,
anti-spyware, and firewalls on your devices.
Try to only make purchases through well-established online
merchants with excellent reviews and never pay by check or bank transfer, if
possible. Sometimes a friend or family member may ask you for money through an
electronic correspondence. Always check with them offline to confirm their
request. Avoid opening emails or links sent from businesses and individuals you
do not recognize. Even if you do know them personally, verify the request with
the actual person or company. Especially, if you do not understand why they
would send the request initially.
Staying safe from online fraud is a no brainer when you
follow this simple advice and stay informed regarding what is internet fraud like
today.
