To avoid fraud online, you must learn more about the different types of online scams and fraudulent operations that are done by criminal syndicates on the Web. This will allow you to quickly spot scams and easily evade them, when you encounter such fraudulent schemes on the Internet. You’ll also be able to effectively formulate workaround methods and corrective actions in case you fall for online scams.

When more users are aware of the different types of fraud online, they can significantly reduce the proliferation of these scams and fraudulent schemes. After all, small numbers of victims won’t be viable for an online scammer or a criminal syndicate. Most of these fraudsters rely solely on large numbers to turn a profit.

Plus, when more users are aware of these types of fraud online, they’ll be better equipped to report these scams and reverse their ill effects. This can greatly contribute to the significant reduction of fraud online, worldwide. Here are some of the most widely implemented types of online scams today:

Most Common Types of Fraud Online

  1. Spam emails continue to be sent out in bulk around the world by these criminal syndicates. This still remains the most widely implemented fraud online today.

These spam emails are designed to compel users to click links, which take them to scam websites. Many of these sites promise fraudulent money making schemes, scam investment opportunities and fake products. Some users are tricked into buying or signing up for these fraudulent offers.

To avoid this type of fraud online, you should install an anti-spam blocker on your device. You should also properly configure the anti-spam filtering options of your email settings. The most common  email providers like Gmail and Outlook Mail offer these anti-spam filters. However, the best way to avoid these spam emails is to never open messages from unknown sources, and to avoid clicking links on suspicious sites.

  1. Phishing scams are becoming the most prevalent fraud online problems on the Web today. It occurs, when users are tricked into opening messages, which are designed to look like they were sent by the user’s bank, financial institution, service provider, Web operator, product distributor or online shopping site.

These messages are sent via email, SMS and IM (instant messaging). There have also been reports of these phishing messages that have been sent via postal mail.

These messages contain links. When users click these links, they are taken to fraud websites, which are designed to look exactly like the official website of the user’s bank, service provider or product distributor.

These fake sites try to convince users to give away their personal information, account credentials or financial details. The information provided by the unsuspecting user is then logged and sent to Web servers that are operated by these spammers. These logged details are then used by these scammers to steal money from the user’s financial accounts, among other illegal activities.

  1. Fake tech support is another fraud online scheme that has evolved over the years, causing hundreds of millions of monetary losses around the world. These scams have evolved from outbound telemarketing campaigns run by overseas phone agents, to inbound campaigns performed by adware developers and native speaking phone agents.

Today, fraudsters implement these fake tech support scams by disseminating adware programs. They distribute these across widely used file sharing networks like P2P sites, torrent sites and legitimate app repositories.

Once downloaded and installed in the user’s device, these adware programs display popups that are quite difficult to close or remove. These popups contain messages that are designed to scare users into dialing a local toll free number. A scammer answers these calls, telling users that they need to pay a service fee for removing the popups and other malicious applications from the user’s device. Other scammers deceive users into thinking that they’re speaking with official support agents of the user’s OS (operating system) or system security developer.The best way to avoid this fraud online scheme is to install an effective anti-adware application on your device. There are also Web privacy and online security tools that offer wider protective coverage. If you encounter popups, then the best way to close and remove this malicious program is to call the verified support agents of your OS developer or system security app developer.These are the most widely implemented types of fraud online today. Keep in mind the tips mentioned earlier, and you’ll better arm yourself with helpful knowledge for avoiding scams, or for resolving the ill effects of fraudulent schemes.