What are some of the common techniques used by fraudsters?

Fraudsters use a variety of techniques to try to cheat people out of their money. Some of the most common techniques involve identity theft, phishing, and scams. Identity theft occurs when someone steals another person’s personal information, such as their Social Security number, bank account details, or credit card information. Once the fraudster has this information, they can use it to make unauthorized purchases or access other accounts. Phishing is a form of cybercrime in which a fraudster pretends to be a legitimate company or person to get someone to give away their private information. The fraudster might send an email that looks like it comes from a bank, for example, asking for a person’s account information or Social Security number. Scams are fraudulent schemes used to obtain money or goods. Common scams include phony lotteries, Ponzi schemes, and fake investments. Fraudsters often use email or other methods to spread their scams, offering people the opportunity to make a quick profit if they invest their money. In Washington, consumer fraud is taken very seriously and those who commit it face serious penalties. Consumers should always be aware of the techniques used by fraudsters and take steps to protect themselves and their money.

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What are some of the common techniques used by fraudsters?

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