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Consumers need to be wary of bogus letters and emails claiming they've won a sweepstakes or lottery, since they have nothing to win and much to lose, the Internet Crime Complaint Center (IC3) warns.
Money for Nothing. Every year, about 90% of consumers either fall for or encounter online scams. And while many consumers are sophisticated enough to avoid some of the most common scams, it doesn ...
One huge online shopping scam red flag is highly in-demand products at surprisingly low prices. Scammers create websites with realistic listings of scarce in-demand products, such as gaming consoles.
Email scams posing as the Internal Revenue Service were also used to steal sensitive data from U.S. taxpayers. [64] Social networking sites are a prime target of phishing, since the personal details in such sites can be used in identity theft ; [ 65 ] In 2007, 3.6 million adults lost US$3.2 billion due to phishing attacks. [ 66 ]
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