It's a Scam-demic!
My boyfriend is in the military stationed overseas and needs money to get back home. He doesn't have Venmo but told me to send the money to his best friend's brother's friend's babysitter, and she would make sure he got the money. Sounds good to me!
What is a romance scam?
If I find an unauthorized debit card transaction on my account, I need to contact my bank to file one of these to get my money back.
What is a dispute?
This type of fraud occurs when a customer writes checks from one financial institution to another, taking advantage of float times and funds availability polices, without ever having legitimate funds at either institution.
What is check kiting?
This kind of fraud occurs when a victim is tricked into giving out their username and password to online banking, and a fraudster conducts transactions without the victim's knowledge.
What is online account takeover?
This type of check fraud occurs when a fraudster signs a check that does not belong to them.
What is a forgery?
I'm so glad my computer is protected! It warned me of a virus through a pop-up message and even gave me a phone number to call for assistance in removing the virus! Joe just hopped right into my computer, cleaned everything up, and even offered to pull payment directly from my bank account after I have him my username and password!
What is a tech support scam?
This device is placed over the card reader at ATMs and point of sale systems to record credit or debit card information.
What is a skimmer?
This kind of fraud occurs when a family member, caretaker, or power of attorney has legitimate access to a victim's account but uses the funds for their own financial gain.
What is elder financial exploitation.
This type of fraud occurs when a fraudster obtains personal and/or bank account information from their victim and uses the information for their own financial gain.
What is identity theft?
This type of check fraud occurs when a fraudster uses chemicals or computer software to change dollar amounts or payees on otherwise legitimate checks.
What is an alteration?
The job market is so GREAT right now! I got an email from a recruiter, had a phone interview, and was offered the job in less than a week! Even better, they sent me a check to buy equipment and told me I could keep $500 of it!
What is an employment scam?
This kind of fraud involves texting or calling a victim from a familiar phone number to trick victims into sharing credit or debit card information
What is spoofing?
This type of fraud uses electronic communication methods such as email, text, or social media messaging containing links, or requesting financial or personal information from victims.
What is Phishing?
These can be printed using 3D printers and other software, then used to impersonate victims for financial gain.
What are fake IDs?
This type of check fraud occurs when a fraudster uses compromised account and routing numbers to create their own checks.
What is counterfeiting?
I was so scared when I found out I owed back taxes and could be arrested if I didn't pay! Luckily, the IRS representative gave me the option to resolve the outstanding debt just by depositing cash into a tax payment kiosk at my local grocery store!
What is an imposter scam?
When this happens, consumers' payment information is compromised and sold on the dark web.
What is a data breach?
This is an online place fraudsters go to buy identity information, account information, and credit or debit card numbers used to commit fraud.
What is the dark web?
These AI generated images, videos, and audio clips are used to manipulate victims into giving out personal information or sending money to fraudsters.
What are deepfakes?
This is one of the most common ways fraudsters obtain legitimate checks being sent through USPS to negotiate for their own financial gain.
What is mail theft?
I got a text message from someone with the wrong number, but he's been so nice, and we've really gotten to know each other. He's even gone out of his way to help me start investing in crypto currency and securing my financial future! All I have to do is pay a few more fees on the $30k I invested, and I will be able to access my returns!
What is pig butchering?
This is a unique three or four-digit number located on the back of a credit or debit card used to verify a person making a purchase has the physical card in their possession.
What is a CVV code?
This type of fraud occurs when an employee receives an urgent message from a company leader requesting account changes, or wire transfers.
What is business email compromise?
This kind of fraud is the result of fraudsters obtaining pieces of personally identifiable information from multiple victims, creating a new persona, and obtaining transactional and credit accounts.
What is synthetic identity fraud?
When negotiating a check, you can look at this line on the check for key words that may be red flags indicating the check is potentially fraudulent.
What is a memo line?