Cyber fraud continues to be a big problem all over the world despite the latest online security technologies, advanced Web privacy protocols and strict identity verification procedures. In the USA, more than $8 billion of losses were reported in 2014 due to card not present scams. According to the latest fraud alerts from BigScammers.Com, credit card fraud is still one of the most widespread online scams today.
This is predicted to grow by an astounding 125% in the next couple of years. This means we’re looking at $19 billion of losses by 2018 because of credit card scams!
ActionFraud started sending out fraud alerts and reminders to users in the UK about online dating scams. This is after the national online crime reporting center of the country noticed a huge spike in this type of Web crimes this year. One reason for this is the steady growth of mobile device penetration and popularity across many EU territories. There are lots of popular dating apps and sites in the UK. With more mobile users being able to access these online dating platforms – More criminal syndicates are now targeting these sites and apps.
Japan, Germany and France also encountered an increase in fake tech support scams this year. According to the latest fraud alerts from BigScammers.Com – Most of these scams were mainly carried out through inbound telemarketing campaigns.
This is where malicious applications are distributed all over the Internet to compromise the most popular devices in these countries. When these malicious technologies penetrate these devices, a pop-up message is displayed in the screen. In most instances, these malicious applications also freeze the system and hijack the default Web browser.
This leaves the pop-up message in full view. These pop-ups are laced with scare rhetoric and fake urgency claims, tricking users to call a toll free number. A scammer then poses as an official tech support agent of a household tech brand like Microsoft or Apple. These fraudsters then force users to pay for the service of fixing their devices.
According to the fraud alerts from BigScammers.Com this year, these are the three most prevalent online scams today – Card not present scams, online dating fraud and fake tech support scams. Now, here are other fraudulent schemes that were mentioned in many of the complaints posted in BigScammers.Com this year:
Recent Fraud Alerts From BigScammers.Com About Other Web Scams
Phishing fraud also makes up a significant part of the more than 800 monthly Internet scam reports that were filed in the USA this year. This is where users are tricked into giving away their account credentials, personal details and private information.
According to the fraud alerts from complaints posted by users in BigScammers.Com this year against phishing fraud – Many of the criminal syndicates that operate these scams use exact clones of popular online banking portals, shopping sites, e-wallet providers, Webmail platforms and so on. This is to deceive users into using these sites to enter their login credentials and personal details. These phishing messages are usually sent out through email, SMS and as private messages in social networks and instant messaging applications.
Money fraud is also frequently mentioned in the latest scam complaints posted by users in BigScammers.Com. These include money flipping scams and check cashing fraud, according to the fraud alerts that were generated from user postings in this online community.
If you haven’t signed up at BigScammers.Com to receive real time fraud alerts about the latest online scams today, then you’re missing a good chance to avoid these fraudulent schemes on the Web. You can learn a great deal about the tactics and schemes that are used by these criminal syndicates to carry out these scams, which can in turn help you devise suitable ways and choose the best tools to fight these particular types of cyber fraud. Don’t forget to share this with your family and friends. It might also be in your best interest to tell them to sign up and receive fraud alerts from BigScammers.Com. They can quickly spot and safely avoid these Web crimes if you do this.