What... it?

Fraud is when people use deception to gain personal information, including credit card numbers, social security numbers, bank account information, etc.

...does it look like?

Fraud can come in many different types, including phishing, retail/auction fraud, or work at home. Phishing is when someone sends you an email or text message (Called smishing, after SMS) that is fake, and gets you to give them your information. This could be a false email from a bank, saying that your account is at risk, and you need to enter your bank account information, including your password. When you do, nothing actually happens, and your information is now stolen. Fraud can also be in retail or auction. This is when you go onto a site like eBay, and someone says that they have something to sell, but when you buy it, it never actually comes. Finally, fraud can be disguised as an amazing offer to be able to work at home, and make lots of money. You may receive an email that says that you can make 30,000 a week while just working at home. Easy right? No, it's all a scam. When you click on the button to sign up, you may enter your social security number, bank account information, etc. Then your identity can get stolen easily.

How do you prevent it?

You can prevent fraud by not replying to any messages that request your personal information. If you are buying something, research where you are buying it from. Look at customer ratings. You might find that that company doesn't actually exist. Also, if something looks too good to be true, it probably is. Cheesy right? But it's true. Learn more about fraud to protect yourself better.