Social media has a new type of influencer. However, instead of promoting clothes, or fancy lifestyle products, these new influencers are promoting fraud. They flash large sums of money, cover their faces, and some even provide tips on how to conduct fraud to lure new members.
You’d think these fraudsters and their illegal products would be difficult to track down, but that is no longer the case. It’s now easier for people to make deals with fraudsters and buy guides on how to commit fraud online.
These new types of influencers are targeting financial institutions, stores, and even the government’s Universal Credit system, leaving businesses and individuals out of cash.
The influencers all rely heavily on fullz, a slang term for “complete knowledge.” Complete knowledge is essentially personal details of an individual, such as their name, phone number, address, and bank account number are included.
With the fullz in hand, fraudsters can follow the steps in the guides to make online purchases or even take out a loan in someone else’s name.
How do these private details end up in circulation in the first place?
While Phishing attacks is one of the methods scammers use to trick people into revealing personal information. These fraudsters may conduct commission phishing activities themselves, or they may obtain information from others.
Exploiting a person by making purchases with their information might have a negative impact on their credit score. A poor credit score can lead to life-altering consequences, such as affecting your ability to qualify for a loan, obtain a home, or even open a new bank account.
To avoid getting scammed look for errors in email addresses or hyperlinks, spelling or grammar issues, strange requests, and false haste in your messages. Any link you click, vague and general statements, or requests for sensitive information should be avoided. Remember, if something seems too good to be true, it most often is.
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