Wire fraud is a fraud which is committed through the use of wires, or electronic means. Wire fraud may be committed through wires, television or radio communications or the internet. The hacker contacts the victim through any of the electronic means and get the personal and financial details of the person. Wire transfer fraud are used to move funds from one account to another. these electronic wire transfers can be used to move money between banks ,pay bills or send money to another person or business. hackers use many tools including many phishing sites, malware ,to steal bank information and log in to the account. once the hacker has entered into the account ,he will transfer the entire money from the bank to his account .to prevent these type of frauds the user should install firewall, anti-virus, and anti-malware software in their computer.
Wire fraud scams involve attempts to steal people financial information , which can be used to access credit card or bank accounts of the victim. phishing wire fraud scams send email to number of people by telling them a fake story and ask financial help. once the victim replies to the email the hacker will develop a complex story, and ultimately requests the victim for personal information. Some of the types of mail and wire fraud phishing, email scams and mail scams. some of the measures to prevent wire fraud are to confirm e-mail requests by phone or in person in case their email is hacked, face to face contact , close all browser when banking online, never do online banking through public computers.
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B.A., B.L., (Hons) IPDP., (London)
Pgd IPR., Pgd Cyber Law., Msc., (IT)
CCI., CFA., IPCL.,
Advocate, Madras High Court
Karthikeyan, is a renowned cyber law expert, who is also the Managing Partner of Law Office of Karthikeyan, a reputed law firm based in Chennai.More About Us