Thursday, December 13, 2012

Internet Banking Fraud: Why is Online Banking so Popular?

Schemes Used In Internet Banking Fraud

Most internet banking fraud occurs in a two-step process. First, the offender must get their hands on the customer's account information, like their username and password. Second, the offender will use that information to move his victim's money to another account or withdraw it to make fraudulent purchases. For the first step, offenders often employ one of the many popular fraud schemes to obtain personal information. These fraud schemes include, but are not limited to...

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