Wellstead Team 
According to the Australian Federal Police, the term ‘online fraud’ refers to any type of fraud scheme that uses email, web sites, chat rooms or message boards to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.
Online fraud is a billion dollar industry preying on naive and trusting people.
Some simple tips:
- If it sounds too good to be true, then it probably is!
- Avoid emails that state they want to refund you money and then request details.
- The age old saying, “Don’t talk to strangers”. It is a full time business worldwide to randomly connect with people, develop relationships with the end goal (that can take months or even more than a year) to extort money.
- Avoid emails from banks, PayPal and other institutions that state they need to update details, accounts will be closed or an authorised person has accessed your account.
- The fraudulent emails look real. They use the company’s logo and at a glimpse the email address looks real.
- The next time you receive an email requesting personal information take a closer look at the email (Eg. info@_cba.com.au or service@paypal-international.com looks like cba.com.au or paypal.com, but there will always be a couple of symbols or letters before the name.
Don’t get caught. Protect your wealth.
