Do you find yourself asking these questions? I know I did. So I decided to do some research and share what I have learned. According to our online dictionary pal, Merriam-Webster, fraud is an act of deceiving or misrepresenting. Basically, it is when trickery is used to gain a dishonest advantage, which is often financial, over another person. I learned that there are many words that experts use to explain fraud: Scam, con, swindle, extortion, sham, double-cross, hoax, cheat, ploy, ruse, hoodwink, confidence trick. Remember, that fraud is something that can be done against individuals but also businesses.
To my surprise, I found out that there are many different types of fraud that one can be subjected to. The many types of fraud there are is:
1. Identity Fraud and Identity Theft
2. Online fraud
3. Individual fraud
4. New Accounts Fraud
5. Utilities Fraud
6. Check Fraud
7. Corporate Fraud
8. Advance Fee Fraud
Any type of fraud, most importantly identity theft, can be an easy problem to ignore—until you experience it yourself. With more ways for criminals to obtain your personal information online—and more complex ways to cover their tracks—it’s more important than ever to protect yourself and your assets. I found that having a complete comprehensive protective plan against these types of actions is the best way to help prevent fraud and most importantly help you if you fall victim to it.
IDShield is the only identity theft protection company armed with a team of dedicated licensed private investigators to restore your identity should it ever become compromised.
Not all thieves need to break a window or pick a lock. In fact, all they need is for someone to click a link in an email or enter their credit card number. From there, identity fraud allows criminals to impersonate their victims to carry out a number of other crimes. Millions of people experience identity theft every year—but it only takes a few steps to protect yourself.