What it is and how to avoid it
All About Fraud
Fraud is, according to the Merriam-Webster dictionary,
- the crime of using dishonest methods to take something valuable from another person
- a person who pretends to be what he or she is not in order to trick people
- a copy of something that is meant to look like the real thing in order to trick people
Three of the most common examples of fraud is used through are phishing/smishing, retail/auction fraud, and the work at home fraud.
Phishing and Smishing apply to emails and texts. Phishing is when you receive an email saying a site needs your personal information to keep your account active, protected, etc. This is a fraud! If you receive an email like this, don't believe it and don't reply to it. It's just someone trying to access your personal information so they can steal your identity or scam you. Smishing is the same thing through texts. To avoid this type of fraud, simply don't reply to any email from any site (Facebook, banks, paypal, etc.) that is requesting personal information. Just ignore it and delete it.
Retail/auction fraud is when you buy something online and it either never comes or it does come but it's not what you bought. Like if you bought a laptop and what you get is a box with a brick in it. How you'd avoid this type of fraud would be to research who you're buying an item from before you buy it.
And finally the work at home fraud. These are the advertisements that say that you could work from home. You'll receive a kit that will help you with your "easy" job at home. All you have to do is pay for your kit or the components needed for this work from home job. The only way you could avoid being a victim of this type of fraud would be to not pay attention to ads saying that your job can get easier by working at home.