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Over the last few years, technology has evolved so much that not only can we access our bank accounts and online services with the simple click of a button, but we also have full control of our finances and investments.
Unfortunately, cybercriminals are matching the pace of this rapidly developing technology and creating even more sophisticated and legitimate looking scams designed to strip bank accounts and steal personal and financial information from unsuspecting victims.
To help keep you and your finances safe, XTB.com has identified the most common forms of fraud methods being used by criminals right now and shared five ways to never be duped.
Most common forms of online fraud
Vishing
Sometimes fraudsters may impersonate employees of various services on the phone. They mimic employees of known and popular companies and use their authority to make calls where they try to extort login, password, or debit/credit card data.
Under the pretext of additional authorisation, data update or system malfunction, they will often ask for personal information and try to persuade users to install apps like AnyDesk or TeamViewer, which gives scammers access to their phone or computer, letting them steal data or money.
Never give anyone your password to trading, financial, or any other accounts.
(Image: Getty Images)
Phishing
This is when scammers create fake…
