From credit card fraud to insurance or email fraud, scammers employ a wide and ingenious array of tactics. Knowing the different types of fraud helps you become more aware of possible threats and avoid becoming a victim. Below, we briefly describe some of the most common types of fraud. When a company is accused of a business fraud to which it had no part in, getting in touch with a fraud solicitor is helpful.
Have you ever received a suspicious email demanding payment or asking for your personal details? While most of these are easily identifiable, you can avoid phishing scams by not clicking the links in the suspicious email.
Debit and credit card fraud
It is strongly advised to never let your credit or debit card out of sight during a transaction and only use ATMs from trusted bank branches. It is also recommended to monitor your bank account activity periodically so that you can see any suspicious activity and inform the bank as soon as possible if an unauthorized transaction has taken place.
A criminal manages to assume another individual’s identity and then use his personal details to apply for credit or different types of services. Shredding documents or receipts that contain personal bank details as well as having strong passwords and avoid showing your card details are useful strategies.
Health insurance and healthcare fraud
In this scenario, clients are offered medical equipment or laboratory tests as well as other services that are never actually delivered. In many cases, criminals target elderly individuals. Getting legal aid, in this case, can help, as the insurance agency (who can be prompted to pay for the services) will most likely also be involved.
A company, which suspects that fraudulent activity was performed in its name, can request the specialized assistance offered by a team of lawyers.
Included here are Ponzi schemes, which promise high financial returns for an investment that does not exist, as well as advance fee schemes in which victims are asked to make an advance payment for a product or service that is never delivered. If you suspect that you have been the victim of fraud, a lawyer will be able to analyze your case and decide on a safe course of action for limiting the liability and/or damages.
Other types of frauds may include fake lotteries and fake charities as well as telemarketing fraud and investment fraud, which may target naïve or unknowing customers.
Being informed and alert are the first two steps for avoiding fraud. If it does however happen, getting legal aid is a recommended solution.