What is a technology fraud?

Technology fraud (also called tech fraud or cyber fraud) is a type of deception that uses technology, computers, the internet, mobile devices, or digital systems to steal money, personal information, or access to accounts.

Common Types of Technology Fraud

1. Phishing
   • Fraudsters send fake emails, messages, or websites that appear legitimate.
   • They try to trick people into revealing passwords, bank details, or personal information.
2. Online Shopping Scams
   • Fake websites or sellers advertise products that do not exist or are never delivered.
3. Tech Support Scams
   • Criminals pretend to be from companies such as Microsoft or Apple and claim your device has a problem.
   • They may ask for payment or remote access to your computer.
4. Identity Theft
   • Personal information is stolen and used to open accounts, make purchases, or commit other crimes.
5. Investment and Cryptocurrency Scams
   • Fraudsters promise high returns with little risk and convince victims to send money.
6. Social Media Scams
   • Fake profiles, fraudulent giveaways, romance scams, or impersonation of friends and celebrities.
7. Mobile App Fraud
   • Malicious apps steal data, spy on users, or trick them into making payments.

Warning Signs

• Requests for passwords, OTPs, or banking details.
• Messages creating urgency (“Act now or your account will be closed”).
• Offers that seem too good to be true.
• Unexpected requests for money or gift cards.
• Poor spelling, unusual email addresses, or suspicious website links.

How to Protect Yourself

• Use strong, unique passwords and enable two-factor authentication.
• Verify websites and email senders before sharing information.
• Keep software and devices updated.
• Never share OTPs or banking PINs.
• Be cautious when clicking links or downloading attachments.

Example

You receive an email claiming to be from your bank. The message says your account has been locked and asks you to click a link and enter your login details. The website is fake, and the criminals use the information you provide to access your account. This is a form of technology fraud called phishing.

In simple terms, technology fraud is any scam that uses digital technology to deceive people and steal money, information, or access to valuable accounts.