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Different Types of Internet Fraud and How to Avoid Them
Posted by [email protected] (Guest Author) on 09 July 2019 10:00 AM

This last decade we’ve witnessed the internet revolution grow almost exponentially. It seamlessly seeped into every aspect of our lives. I think we could unanimously agree that the Internet has simplified things on many fronts, be it shopping, banking, investing, entertainment, and many more. And we seem to have kept up with this change quite remarkably. But so did the criminals. Harassing, fooling and cheating someone in real life is a concept from the past. Today, it is the internet where most crimes, now called cybercrimes, take place. This is further corroborated by the following statistics.

According to Australian government’s scam statistics, the number of reports logged for online frauds in 2019 is 75,645, and it is only six months down the year. Out of the 75,645 reports, a large share was against phishing. Besides phishing, the other threats that were listed in the top 10 list included investment fraud, false billing, identity theft, online shopping scams, lottery scams, hacking, identity theft, etc. Here, in this article, we aim to discuss these crooked ways of fraud and warn you well in advance about the ugly truth that the web sometimes hides. Shall we begin?

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