Fraud is an ever-evolving threat, with scammers targeting individuals and organizations across various industries. In 2023 alone, fraud cost consumers over $10 billion. By understanding the most common types of fraud and learning how to recognize the signs, you can better protect yourself and your finances.
Scammers pretend to be someone you trust, such as a government official, family member, or tech support agent. They use fear or manipulation to steal personal information or money. Stay vigilant against unexpected requests and verify their authenticity directly.
These scams involve fraudulent websites or sellers who overcharge, fail to deliver items, or mislead customers. Avoid offers that seem too good to be true and always use secure payment methods like credit cards.
Fraudsters claim you’ve won a prize but demand payment or personal details to claim it. Genuine sweepstakes never require upfront fees. Be skeptical of unsolicited winning notifications.
Investment scams promise high returns with little risk. Common tactics include fake cryptocurrency schemes and fraudulent seminars. Always research opportunities and consult licensed financial advisors.
Scammers target job seekers with fake opportunities, often requiring payment for application processing or training. Look for red flags like requests for upfront fees or vague job descriptions.
From misleading subscription offers to fraudulent online marketplaces, this category targets internet users. Regularly review your subscriptions and use secure platforms for transactions.
These scams include robocalls, SIM-swapping, and malware-infected apps. Use official app stores, review bills for unauthorized charges, and enable mobile account protections.
Fraudsters promote fake cures, diet programs, or medical services. Consult healthcare professionals and research products thoroughly before making purchases.
These include fake vacation deals or misleading timeshare contracts. Verify offers through trusted platforms and avoid upfront payments to unknown entities.
These notorious scams involve fraudulent checks or promises of large financial rewards in exchange for personal information. Never engage with unsolicited financial offers.
For more information, check out the full article at Experian’s blog on the 10 most common types of fraud.
Stay informed and proactive in safeguarding your personal and financial information. Awareness is your best defense against these common fraud tactics.
