Types of Frauds

What is phishing?

• A type of investment scam

• A type of insurance fraud

• A type of fraud involving fraudulent emails or text messages to obtain personal or financial information

What is skimming?

• A type of financial fraud involving stealing small amounts of money from a large number of transactions over a period of time.

• A type of cybercrime involving hacking into a company's database.

• A type of fraud involving stealing credit or debit card information from unsuspecting victims using small devices placed on payment terminals.

What is salami slicing?

• A type of financial fraud involving stealing small amounts of money from a large number of transactions over a period of time.

• A type of investment scam promising high returns to early investors using the money from later investors.

• A type of cybercrime involving hacking into a company's database.

What is identity theft?

• A type of fraud that involves stealing someone's personal information to commit fraud or other crimes.

• A type of fraud that involves creating fake accounts to hide fraudulent transactions.

• A type of fraud that involves making false insurance claims or exaggerating the value of a claim.

What is a Ponzi scheme?

• A type of cybercrime involving hacking into a company's database.

• A type of investment scam promising high returns to early investors using the money from later investors.

• A type of fraud that involves stealing credit or debit card information from unsuspecting victims.

What is embezzlement?

• A type of investment scam promising high returns to early investors using the money from later investors.

• A type of financial fraud involving stealing money from one's employer or organization.

• A type of fraud involving creating fake accounts to hide fraudulent transactions.

What is counterfeiting?

• A type of fraud involving stealing credit or debit card information from unsuspecting victims using small devices placed on payment terminals.

• A type of fraud that involves making false insurance claims or exaggerating the value of a claim.

• A type of fraud involving creating fake money or goods to obtain money or goods illegally.

What is investment fraud?

• A type of fraud involving creating fake accounts to hide fraudulent transactions.

• A type of fraud involving stealing money from one's employer or organization.

• A type of fraud involving making false or misleading statements to convince someone to invest in a fraudulent scheme.

What is insider trading?

• A type of fraud that involves stealing someone's personal information to commit fraud or other crimes.

• A type of fraud involving making false insurance claims or exaggerating the value of a claim.

• A type of financial fraud involving using confidential information to make stock trades.

What is money laundering?

• A type of fraud involving creating fake accounts to hide fraudulent transactions.

• A type of fraud that involves stealing someone's personal information to commit fraud or other crimes.

• A type of financial fraud involving disguising the proceeds of illegal activities as legitimate funds.