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Up to an estimated seven million people have their identities stolen every year and new scams are constantly surfacing and ripping people off. One of the latest online scams is known as "phishing" and its incidence is rising dramatically. Users will receive fraudulent emails that will often have logos resembling legitimate companies and trusted financial institutions. Often times, a link will direct the user to a fake website. The fraudulent email or fake website will ask for personal information, such as a password, account number or credit card number.
Consumers are cautioned to never give personal information unless first initiating a transaction. A fraudulent phishing site asking for a password will accept an incorrect submission, while legitimate sites will not. Links contained in emails can lead you to fake or fraudulent sites, so consumers can prevent becoming a victim of phishing fraud by typing a web address directly into the browser.
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