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Accommodation addresses

It refers to the contact addresses someone, or a fake firm uses to get payment or fee from the client for nonexistent or low-quality products or services. Many frauds are related to locations where the client is asked to send the advance fees to that address. 

It is often the office address used to collect mail on behalf of others. These are street addresses, not the PO boxes that collect the mail. These locations may have impressive names like a popular firm. 

How Does It Happen?

If friends or a trusted group of professionals are asked to look after the finances, they may take advantage and gain access to financial information to fulfil their motives. But, at the same time, the person who gives them the responsibility may not see the other person was not handling the bills, mail and statements properly. 

How To Identify and Protect Yourself?

  • If you see the address is listed on the internet or advertised for temporary use or services, it raises risks.

  • One should know a reputable address does not guarantee authenticity. For example, the contact details can be bogus if the address is not listed with the company's house. 

  • Do not send personal information to any unknown office for money or a reward.

  • Do not respond to letters, text messages, emails, or social media that appear suspicious or have poor spelling or grammar.

Date Published: Sep 09, 2023

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Cybercrimes can be of two types. First, it can be cyber dependent, where the fraudsters use online devices to convince the victim to accept their offers.

Advance fee fraud

If you are trying to get a loan for a house or a car, they ask to meet the provider to get the financing arrangement and pay the finder's fee in advance.

Corporate fraud

Corporate frauds can be complicated, committed either by the firm or an individual. Nevertheless, it mostly involves cheating where the employee or the firm.

Individual fraud

There are many types of individual frauds related to advance fees, investments, insurance brokers, bogus tradespeople, Ponzi schemes, pension liberation.

Online fraud

Hence the number of cases of online fraud is increasing each year, and most such cases include – account takeover, direct frauds, or scams related domain names.

Identity fraud and identity theft

The criminal uses the stolen identity of another person living or deceased to conduct unlawful activities like obtaining goods or services in another's name.

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