You receive money in your account and transfer it to another account, in exchange of a commission. This is called a "mule" because the person is carrying money. In reality, you are complicit in money laundering because you are helping criminals cover their tracks as to the origin of their dirty money. The police will be able to trace it to you, using the account number, but it will be difficult to find the person behind the scam.
You receive an email masquerading as your bank, inviting you to click on a link. You then arrive on a site that mimics the website of your bank. It can also take the form of a phone call.
The False Invoice
You receive an invoice that appears to be from a company you know and regularly sends you invoices. In reality, the account number is not that of your supplier, but of a scammer.
They trick you into believing an investment opportunity is too good to be true. They can include stocks, bonds, crypto-currencies, rare metals, overseas land investments or alternative energy.
The CEO Fraud
CEO fraud occurs when an employee authorised to make payments is induced to pay a false invoice or make an unauthorised transfer from the company's account.
Personal Data Theft
Scammers steal your personal data via social media, and this even if your accounts are set up as private and properly protected, or if you are careful and do not share much information.
They wait to gain your trust, sometimes for weeks or months. Then they tell you a story and ask you for money, gifts or credit card details.
SIM swapping occurs when a fraudster, using social engineering techniques, takes control over your mobile phone SIM card using your stolen personal data.