Terms to know:
Online Auctions: Undelivered items
Nigerian Money Offers: Promises of large sums of money, if consumers agreed to pay the transfer fee
Lotteries: Asking winners to pay before claiming their non-existent prize
Advance Fee Loans: Request a fee from consumers in exchange of promised personal loans
Phishing: Emails pretending to be a real source, and ask consumers for their personal information
Prizes/Sweepstakes: Request a payment from consumers in order for them to claim their non-existent prize
Facts you should know:
Almost 30,000 people complained that they paid out more than $5,000 to frauds
Nigerian entities ranked fourth of the 10 most complained about nations for fraud with 2%. The United States, in the No. 1 spot, made up 80% of the cases, and Ghana came in 10th with under 1%.
Scams to be aware of:
Phishing Scams: In this scam, there is an sent an email that seems like it came from the bank. In the email, it asks you to verify your account information for security purposes. The email will warn you that if you do not send back your information, your account will be closed down
Romance scams: One of the most popular internet scams are Romance Scams. It happens when two men and woman start talking on an online dating site, with the man claiming fake information, such as age, and location.