|1. Identity theft
Identity theft occurs when someone wrongfully
acquires or uses another person's personal and financial data,
typically for their own financial gain.
||2. Phishing |
is an impersonation of a corporation or trusted institutions that
aims to steal valuable information such as credit card, user IDs and
|3. Card fraud and skimming
Skimming is the practice of extracting the information
from the magnetic stripe on a credit card with the intention of
making a copy of the card.
||4. ATM fraud |
dubious methods are used to fraudulently withdraw funds out of
|5. SIM swap fraud
Fraudsters obtain and utilise the customer's replacement
SIM card to acquire security messages and one-time passwords sent to
the customer by the bank.
||6. Cheque fraud |
act of fraudulently obtaining and using cheques for financial
|7. Deposit slip scams
Such scams occur when deposit slips are used to trick
people into transferring money into fraudster's accounts.
||8. Pharming |
aims to redirect a website's traffic to another bogus website
through domain spoofing to obtain confidential information such as
|9. Money laundering
Money laundering is the process whereby the origin of
funds generated by illegal means (ie. drug trafficking, gun
smuggling, corruption, etc.) is concealed.
||10. Nigerian scams/ advanced fee
Perpetrators of 419 Nigerian scams operate
by sending the victim an unsolicited letter, fax or email containing
either an illegitimate or illegal proposal.