HOW THEY STEAL YOUR MONEY
SCAMS ON THE NETWORK
In the beginning, it is probably best to find out what the word *SCAM* means
The word "scam" typically refers to a dishonest scheme or fraudulent activity designed to deceive or cheat people out of their money or valuables. It's often associated with trickery, deception, and manipulation for personal gain. Scams can take many forms(more below), such as fake investment opportunities, phishing emails, or identity theft schemes. It's important to be cautious and vigilant to avoid falling victim to scams.
People are inventive, a person as such is perfect in (strategy, technique and way of thinking) inventing, perfecting and preparing a way to harm someone else. And in exactly the same case, a person as such is perfect in robbing the other.
Let's show at least some basic types of fraud
Invoice fraud
This is when criminals compromise or impersonate a vendor's email account. They can then change the bank details on the company's invoices. The customer pays the invoice, thinking they are paying the vendor, but instead send that money to criminals' bank accounts.
For more information, read our advice on business email compromise.
Phishing emails and texts
Phishing is a way cybercriminals trick you into giving them personal information. They do this by sending fake emails or text messages that look like they come from a person or organisation you trust. These scams could include a link to a fake login page or attachment. If you fall for it, you could lose money and access to your accounts, or even have your identity stolen. An example of this would be receiving an email with a link to a fake bank website asking for your login details. Giving this away could compromise your accounts.
Remote access scams
Remote access scams are when a malicious actor gain access to your system or device from another location. This could be done with your help, after tricking or convincing you to click on their link or download software to give them access. For example, someone claiming to be a tech specialist may request access to your system to help you with troubleshooting issues that do not exist, in order to access your device.
Identity theft
Identity theft is where a cybercriminal extracts or gains access to your personal documents such as your passport, licence, birth certificate or even a photo of you on your electronic device or emails, to steal your identity. This could allow them to withdraw money from your financial accounts, or apply for a new credit card or bank loans in your name.
Threats and extortion
These scams use threats to frighten you into giving away money. It can include threats to your life, arrests or deportation. Scammers have been known to target vulnerable people like elderly or migrants. For example, they may pretend to be government officials from the Department of Home Affairs or the Australian Federal Police, and tell you that there are problems with your visa or immigration papers, threatening to deport you unless fees are paid. Another common scam is when cybercriminals pretend to be from the Australian Taxation Office, and ask for payment for outstanding tax debts. They will threaten arrest or legal action if you do not comply.
Dating and romance scams
Cybercriminals target victims on dating websites and apps pretending to be other people. Scammers start the relationship with their victim on the website or app before moving the conversation to a more 'private' channel. This is to move away from the protections that dating sites put in place. Cybercriminals can easily manipulate their victims on other channels like email or text. They create fake profiles online or take the identities of real people. Cybercriminals try to quickly build a relationship, and then ask for money, gifts or information.
Investment or cryptocurrency scams
Cybercriminals entice victims into investing money in schemes which may offer high and quick returns. This type of scam is typically a time-sensitive offer to pressure you into making a decision fast.