Top Six Reasons Why Fraudsters Must Be Hated

According to ThreatMetrix "fraud is a game of deception but the strategy and tactics employed by a fraudster can be quite different depending on the target, the industry and the objective." The Stanford Center on Longevity also narrated that "the Federal Trade Commission estimated that there were 48.7 million individual fraud transactions in 2005 and the average loss was $60 per transaction. This would put the total dollar loss to fraud at approximately $2.92 billion per year in the United States." How about now that it's 2013?

Photo credit: Google Images

I'm not pretty sure why I thought of blogging about "fraudsters" but I'm pretty sure I'm making sense in doing this.  My post today doesn't have anything to do with travel. See? I just thought of "coming up" with "something different."

Here's my list (actually, the list can be endless):

1. They are heartless and selfish individuals. They only think about their own “good.”

2. They can compromise the company’s credibility and “the business” in general.

3. Ang kakapal ng mukha nila. Di lang makapal, mukhang pera pa tapos manloloko pa.

4. They can compromise the “people’s jobs.” Because of their “wrong-doings,” other people can also lose their jobs.

5. They are good pretenders – a wolf in a sheep’s clothing kumbaga.

6. They are pretty. I mean…pretty little good liars. Just saying.

Anyone can be a potential victim of fraud - including you. It comes in many forms To prevent fraud, ActionFraud recommended the following which I find helpful:

1. Do not give any personal information (name, address, bank details, email or phone number) to organisations or people before verifying their credentials.

2. Many frauds start with a phishing email. Remember that banks and financial institutions will not send you an email asking you to click on a link and confirm your bank details. Do not trust such emails, even if they look genuine. You can always call your bank using the phone number on a genuine piece of correspondence, website (typed directly into the address bar) or the phone book to check if you’re not sure.

3. Destroy and preferably shred receipts with your card details on and post with your name and address on. Identity fraudsters don’t need much information in order to be able to clone your identity.

4. Make sure your computer has up-to-date anti-virus software and a firewall installed. Ensure your browser is set to the highest level of security notification and monitoring to prevent malware issues and computer crimes.

For more tips, kindly click here.