We take fraud very seriously and immediately report any illegal activities to the proper authorities. That being said, it is the 123 users who are the first line of defence against fraud and scammers.
Safety online improves by using common sense. Never exchange personal or private information about your bank, credit cards, identification, or other sensitive data with strangers. When meeting a stranger in person for the first time, meet in a safe public place. If a deal is “too good to be true” it is a scam.
Here are some common online scams that have harmed millions of people:
- Fake Prizes/Inheritance – You are notified of winning a huge sweepstakes/lotto/promotional prize or that you have a big inheritance. You are asked to pay a modest fee in order to get the money. You lose the fee.
- Fake Jobs – You get a great job offer and are asked to pay an agency fee or take a training course first. There is no job.
- Fake Bank Checks – Someone buys an item and wants to pay for it with a bank cashier’s check that is a larger amount than the item’s sale price. In addition to the item, they ask for a return of the extra money through a money transfer service. Your bank accepts the check. It is a fake. The item and the extra money are lost.
These are just a few examples of scams. There are hundreds of them and thousands of variations. Never use money transfer services to send money to strangers. If you suspect a scam, report it to us immediately before sending money to anyone.