This kind of fraudulent behaviour occurs when bad actors send misleading emails and messages purporting to be legitimate/reputable companies with the goal of stealing sensitive personal information such as credit card information or passwords.

Phishing can also be executed using illegitimate websites that mimic reputable sites. The bad actors usually create a similar website with a “typo” which makes it quite similar to the original site. They will then use the site to steal information which they can sell to other bad actors or use for fraudulent activities.

Phishing scams have evolved into other forms, including Vishing (voice phishing) and Smishing (SMS phishing).

Also known as voice phishing, this involves fraudsters leaving voice notes or making phone calls that lure victims into revealing personal information, which they then use to defraud customers or sell to other fraudulent actors.

Also referred to as SMS phishing, this fraudulent practice involves sending misleading text messages to lure users into sharing personal/financial information. They then use this information to defraud the victims or sell it to other fraudulent actors.

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