All Fraudsters Tricks and Strategies Exposed.





Its Meaning 

Before fully discussing about fraudsters and their strategies, its important we know the meaning of fraud first. In common understanding, fraud is any practice involving deceit, dishonesty, greed, use of tricks and inconsiderable actions in perpetuating crime. So a fraudster is any one whom the above virtues in included in his actions.

Fraudsters are known to be very tricky, dubious and smart with the use of false documentation and lies in steal or intruding into the affairs of potential clients.
They are increasingly using scams to trick people into disclosing their personal information’s then parting away with their money.

The best means of countering this is by being aware of their means and also creating awareness to the mass public.

Possible Locations Of Fraudsters
These sets of very smart persons have tactically chosen discreet location for carrying out the actions. These places include Isolated rooms in large cities, far reach places, crowed  environments, moving vehicles, often used  cyber cafes, underground apartments. These are just but some place on their favorites list.


Strategies Used in by Fraudsters
Fraudsters have taken the internet as their office where they work all day with the aim of carrying out illegal transactions with evidence of fake documents and stolen information’s of victims in illegal transactions. Over 5 million persons in the United State fell victim into their traps, and globally, over 1.5 millions of credit cards pin and information’s has being stolen by these hackers. Examine below a detailed information on their strategies.

Malware: These black hat persons behind the mask have develop thousands of dangerous malware and viral virus, which they use in intruding into private computers to steal all bit of information concerning their potential prey. These malware virus monitors the every bit of action done with the personal computer and are capable of logging keystrokes thereby capturing passwords and other financial information.

Media Profiling: These dangerous sect have taken the patience in following and tailing every bit of information posted on social media by their clients. These information’s include place of schooling, gender, current city, address, contact, age, mails and other little significant ones. Ones little or some of these information are gotten, they can proceed in doing online business transaction in the shell of our ID.

Credit Cards:  About £528.5 million worth UK-issued cards were intruded in 2015. These lost and stolen cards were used in shops that do not have Chip and PIN, to commit  fraudulent internet or mail transactions. And with their pin, withdrawal from ATM machine were made possible. Stolen or lost credits cards are also being cracked and used in bankrupting our account.

Entrapment Device: Some ATM gallery are known for seizing cards of not of their account or in times of network failure. Today, fraudsters has use this as an added advantage by creating their own slim magnetic ATM cards that stucks in the machine and extract pin and information of the next entering card. But thanks to the newly innovated atm machines which reject all fakes cards.


Counterfeit Cheque Frauding: They print counterfeit cheques  on a non-bank paper to look exactly like genuine cheques and use it on faked genuine ground for withdrawals.
Whereby, some of the cheque are been stolen from an innocent customer and used by a fraudster with a forged signature. Over $8.5 million have being stolen via this means, but thanks to new banking system, making this as hard as impossible.

Phishing: Phishing describes the practice of sending multiple emails randomly, seeming to come from a genuine organization or bank. Once the emails are responded to and the link on them are followed, requirement for a business deal is initiated or slots requiring our private information or login information are required. If we input it, the store it and trick and use it behind our back for illegal actions.


Knowing all the above mention does little good until due measures in preventing them are ensured. It now shows that being secretive with all our private information is relevant and so important for our own safety in this world of hacktivism and daily fraudsters rising.
We should avoid responding to mails with unknown contents or from unknown source. Also, avoiding logging into restricted sites.

1 comment

Ada Graci said...

Nice outlined point. Your a great writer.

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