There are many different types of fraud. As a consumer and a business you need to ensure you are aware of all different types of fraud to be able to protect yourself and be as vigilant as possible. Here are some examples of the different types of fraud.
Social Engineering. Criminals exploit our natural tendency to trust people. They use this to manipulate people into providing confidential information or complete an action. A fraudster can obtain information about you from various websites and this data could include your name, email address and phone number, who you work for, where you are, who your work colleagues are and family members. This approach of targeting people is known as social engineering. Sometimes a simple email or phone call is all it takes. Types of tactics used as a part of social engineering include: