Almost everyone is online these days, and this means that almost everyone is vulnerable to the possibility of hacking and scamming. Identity theft has become a rampant problem these days with people stealing the personal information of strangers, and sometimes even people they actually know. All in the name of easy money, online fraud has become one of the most rampant online crimes these days.

But what exactly is online fraud and what happens when someone defrauds you? When someone is attempting to defraud another individual, it is usually in one of few forms. These include emails from friends asking for help, messages online that request for assistance to transfer money, and sometimes official looking emails from financial institutions where you bank that asks for your personal details and passwords.

Prevention is the Key

One of the things you need to do in order to prevent such a thing from happeningis to make sure that you do not click on any dubious emails. You should also make sure that whoever is messaging you for help is indeed someone you know and not some stranger masquerading as the person you know. If you think that something feels off, there is a huge chance that your gut feeling is right.

When you get an email from some foreign land, from a stranger claiming that they need to safely transfer a large amount of money to your account in order to safeguard their finances, then be very wary. These are things that are too good to be true, and you know what they say about such things. These people usually ask for some “goodwill money” from you so that you don’t run away with their millions. They might also ask you to deposit this in some account before they can transfer their money to you.

Other scams involve some programming, and these usually capture your personal information as well as your logins details to online banking sessions. This is the most used online scam these days, and unless the email is officially from your bank or some other financial institution you trust, do not do anything it says. Call the bank first using their official hotline, and not the number that comes with the dubious email, to verify these messages.

What to Do When You Get Defrauded

In situations where you find yourself on the sticky end of an online scam, you will need to seek some help. The first thing you need to do is to change your passwords immediately. You will then need to contact your bank and other financial institutions that may have been involved, and tell them of this problem.

You will also need to scan your computer for malware that may be stealing your information and sending it to people who will use it against you. It’s also a good idea to ask for professional help from online investigative services to check if your computers are indeed clean, and in order to find the culprit that is doing this to you.

The internet has indeed opened up the doors to the world, and with it the doors to more scams, hackers, and people up to no good. Knowing how to avoid such things from happening to you, and being able to find solutions to such problems quickly, will help you avoid huge financial losses.