The crime of identity theft and Fraud? What’s going on?

The theft of sensitive information is a form of online fraud. Its name is reminiscing about the early days of robbery and identity theft and phone fraud. While there may be some very sophisticated schemes designed, they are all based on the simplest concept. Scammers try to seduce you or trick you into giving them sensitive information that they can use to make money through the system. For example, one of the most appealing targets for identity theft is your PayPal account. Paypal is an online payment system that allows you to deposit money into your account with your credit or bank card, and then basically send the money by email to other people’s PayPal accounts. It is very simple, cheap and fast, and very popular with online consumers as they do not have to provide their credit card details online. If you want to withdraw money from other people’s PayPal accounts, you may really need their email address and password. Then sign in to their account, and send the money to the account you set up. What would be the crime of stealing sensitive information to send PayPal customers an email that looks like an official email from PayPal? It will have a PayPal logo and format and will look like official PayPal emails to customers. It may even appear at an address that looks like the official PayPal website. It will go on to say a random security check or other technical process and you need to type in your username and password. It will then thank you and say check with any other program that it says is complete. In the meantime, the fraudster will have your password and can delete your account. While this is a basic example, there are many types of growing complexity that will be used to try to entice customers to provide bank account details, credit card details, or other sensitive information. It can often be almost impossible for the average customer to find out that an email or website is not the official source of the company they should be from and therefore they are very dangerous. If you suspect that an email you receive is a criminal attempt to steal sensitive information notify the appropriate company immediately. Another thing to keep in mind is that many banks, credit card companies, and other institutions are now informing their customers that they will never ask their customers for their passwords via email, and their employees will never ask for a password and therefore never give it away. to anyone who asks for it.