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ATM Card Skimming

Many of us must have heard about card-skimming frauds. ‘Card skimming’ refers to the illegal copying of information from the magnetic stripe of a credit or ATM card. The scammers try to steal your card details so they can access your accounts. Once scammers have skimmed your card, they can create a fake or ‘cloned’…

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Ecommerce Fraud

In today’s era, most of all are involved in eCommerce activity which involves the number of transactions in buying and selling of goods and defining products. Many companies are using e-commerce worldwide to update the product and increase their sales. Ecommerce Fraud is an illegal transaction performed on an eCommerce platform by criminals and fraudsters…

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COD (Cash on Delivery) SCAM

A cash-on-delivery transaction can take different forms and may affect a company’s accounting in different ways. Public companies are required to use the accrual accounting method under generally accepted accounting principles (GAAP). With accrual accounting, a company recognizes revenue at the time of the transaction and records the payment in accounts receivable if the payment…

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OTP Scam

Your phone is infected by malware. The malware can then read your messages that contain the OTP and compromise your account. You are duped into revealing the OTP to a fraudster on-call/SMS/Email. Hackers can contact you via SMS, pretending to be your friend or relative, and will ask for a one-time password (OTP) they may…

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A lottery scam.

A lottery scam is a type of advance-fee fraud that begins with an unexpected email notification, phone call, or mailing (sometimes including a large check) explaining that "You have won!" a large sum of money in a lottery. The recipient of the message—the target of the scam—is usually told to keep the notice secret, "due…

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