Investment scams are fraudulent schemes where scammers promise high returns with little or no risk. They may pretend to be financial advisors, traders, or even official-sounding institutions. Latest in the list is stock market scams — a rising concern due to the explosion of online trading apps and YouTube “experts”.
Card testing fraud, also known as credit card or payment fraud occurs when fraudsters use stolen credit card information to make small purchases or test multiple numbers to verify their validity. These transactions are often conducted on e-commerce websites with weak security measures or loopholes in payment processing systems.
Chargeback fraud, also referred to as friendly fraud, transpires when a consumer disputes a legitimate transaction with their bank or credit card issuer. Claiming that the purchase was unauthorized or fraudulent. This fraud exploits the chargeback process to obtain a refund while retaining the purchased goods or services.
The digital arrest scam involves scammers impersonating law enforcement officers or representatives from government agencies to deceive individuals into believing they are under investigation or facing imminent arrest. The scammers fabricate scenarios where the victim’s name is allegedly linked to criminal activities like money laundering, fraud, or tax evasion.
A visa scam is a fraudulent scheme where scammers deceive individuals seeking visas for travel, work, study, or immigration purposes. These scams can take various forms, such as bogus visa application services, fake job offers, or fraudulent immigration advice. Victims are often tricked into paying fees for non-existent visas or providing personal information that can be used for identity theft.
Job scams in India commonly involve fraudulent job postings online, where scammers impersonate legitimate companies or recruiters, promising lucrative positions in exchange for upfront payments for registration, training materials, or security deposits, often targeting desperate job seekers with unrealistic offers and disappearing once the money… Read More »Fake Job Scams
A romance scam is tricking someone by pretending to be involved in a romantic relation and extorting money. Romance scams are a widespread and deeply damaging form of fraud, leaving victims not only financially drained but emotionally shattered. These scams are often perpetrated by organized criminal gangs, who work together to take money from multiple victims at a time.
What is the Grandparents Scam? The Grandparents Scam is a deceptive scheme where fraudsters impersonate a grandchild in distress to manipulate elderly individuals into sending money. The scam preys on the love and concern grandparents have for their family, making it one of the most… Read More »Grandparents Scam
A pig butchering scam is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent financial scheme.
Technology makes life easier, but it also creates new ways for scammers to deceive people. One such trick is interception fraud, where scammers exploit unsuspecting victims. This blog explains what it is, how it works, and how to protect yourself. What is Interception Fraud? Interception… Read More »Interception Fraud