Fake Supplier Fraud (For Businesses)
• What It Is and How It operates:
Scammers pose as legitimate suppliers offering goods or
services at discounted rates. Businesses make payments.
based on these fake invoices, but the products or services
are never delivered.
•
How to Detect:
Suppliers offering prices significantly lower than the
market rate.
Lack of verifiable contact information or business
credentials.
Urgency to close deals quickly without proper negotiation.
•
Precautions:
Verify the supplier's credentials and references before
engaging.
Start with smaller orders to establish trust.
Opt for payment methods that provide robust buyer protection for added security
Conduct due diligence through official channels and industry
networks.
Invoice Manipulation Fraud (For Businesses)
• What It Is and How It operates:
Fraudsters intercept genuine invoices and alter bank account
details, diverting payments to their accounts instead of
the legitimate suppliers.
•
How to Detect:
Unexpected alterations in payment directives or banking information can raise red flags.
Emails requesting urgent payment to a different account.
Inconsistencies in invoice details or supplier information.
•
Precautions:
Confirm any changes in payment details directly with
suppliers via phone or in-person meetings.
Implement strict internal verification processes for
handling invoices.
Use encrypted communication channels for sending and
receiving sensitive information.
Train employees to recognize signs of invoice fraud.
Courier Drug Scams
• What It Is and How It operates:
Scammers exploit courier services by sending packages that
contain illegal drugs or substances. The receiver may
unknowingly become involved in illegal activities or face
legal consequences upon discovery.
•
How to Detect:
Unexpected packages from unknown senders. Packages with
unusual weight or packaging materials. Lack of proper
labeling or suspicious markings.
•
Precautions:
Verify the sender's identity before accepting packages.
Report suspicious packages to authorities immediately. Use
trusted courier services with reliable tracking systems. Be
cautious of unsolicited packages, especially those offering
deals or free samples.
Travel Booking with Stolen Cards
• What It Is and How It operates:
Scammers use stolen credit or debit card information to book
travel services such as flights, hotels, or tours. Once the
bookings are made, victims may face unauthorized charges and
potential legal issues.
•
How to Detect:
Unfamiliar travel bookings or reservations in your name.
Notifications from travel service providers about bookings
you didn't make.
Unexpected charges on your bank statements related to travel
services.
•
Precautions:
Monitor your credit and debit card statements regularly.
Use secure and reputable travel booking platforms.
Enable transaction alerts to stay informed about any
charges.
Report lost or stolen cards immediately to prevent
unauthorized use
System Hacking for Ticket Bookings
• What It Is and How It operates:
Hackers breach the systems of ticketing platforms or travel
agencies to book tickets using stolen credit card
information. They may also implant malware to gain ongoing
access to sensitive data.
•
How to Detect:
Unusual activity or unauthorized bookings on your accounts.
Receiving notifications of ticket bookings you didn't make.
Sluggish performance or unexpected behavior from your
devices.
•
Precautions:
Create robust and distinct passwords for each of your online accounts.
Regularly update your software and systems to safeguard against security weaknesses.
Implement robust cybersecurity measures, including firewalls
and antivirus programs.
Regularly review and monitor account activities for
suspicious behavior.
Ransomware Attacks
• What It Is and How It operates:
Ransomware is a type of harmful software that locks a victim's files, making them unusable. The perpetrator subsequently requests a ransom, often in cryptocurrency, in exchange for the key to unlock the data.
•
How to Detect:
Sudden inability to access files or systems.
Pop-up messages demanding payment for data restoration.
Unusual system behavior or performance issues.
•
Precautions:
Consistently save critical data to safe, offline storage solutions.
Keep your operating system and software updated.
Use reputable antivirus and anti-malware solutions.
Educate employees about the dangers of phishing and
suspicious downloads.
Tech Support Scams
• What It Is and How It operates:
Scammers pose as technical support representatives from
well-known companies, claiming that your computer has
issues. They trick victims into granting remote access or
paying for unnecessary services, often leading to data theft
or financial loss.
•
How to Detect:
Unexpected phone calls or intrusive pop-up alerts pretending to be from technical support.. Pressure to provide remote access or
personal information. Requests for payment to fix supposed
technical issues.
•
Precautions:
Refrain from allowing remote access to your computer for unknown callers; always confirm the authenticity of tech support representatives.
through official company channels. Avoid clicking on
suspicious pop-up messages. Educate yourself and employees
about common tech support scam tactics.
Social Media Scams
• What It Is and How It operates
Fraudsters use social media platforms to launch various
scams, including fake giveaways, phishing links, and
fraudulent advertisements. They exploit the trust and connectivity
of users to deceive them into sharing personal
information or making payments.
•
How to Detect:
Too-good-to-be-true giveaways or promotions. Suspicious
links or requests for personal information. Fake profiles
impersonating celebrities or trusted brands.
•
Precautions:
Be cautious of unsolicited messages or friend requests.
Verify the authenticity of giveaways or promotions through
official channels. Avoid clicking on suspicious links or
sharing personal information on social media. Adjust privacy
settings to limit information visibility to strangers.
- Social Media Scams
- Charity Scams
- Romance Scams
- Rental Scams
- Mortgage Scams
- Insurance Scams
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