While most people recognize that online fraud. Or cybercrime is a potential threat, few know how or why they may be at risk. Not understanding who the adversary might be. Also how they commit their crimes can put individuals at risk.
Economic cybercriminals pose the greatest online risk to your and your family’s personal financial data and assets. Make no mistake; many of these thieves are highly skilled and sophisticated and use technology to steal.
How cyber criminals operate
Indiscriminate targeting— These criminals method is to cast a wide net. Hoping the sheer quantity of potential victims will yield sufficient economic benefits (see Scam Dictionary, page 4).
Specific victim targeting—a growing and more-concerning trend. In these cases, criminals spend a great deal of time and effort in identifying a worthwhile target. They develop a victim profile based on public and private information with the goal of stealing from financial accounts. Although the actual criminal act can take several forms, the basic steps are often similar. Below is a relatively common scenario.