Methods of resisting cyber fraudsters or Top 6 scam Schemes in 2021

Scammers have a variety of methods and tricks to steal the capital of bank customers. What modern methods of deception do cyber fraudsters prefer to use most often? What is the most effective way to protect money from internet scammers in 2021?

Here's a sample of cybersecurity statistics from around the world for 2021. 

The digitalization and availability of IT products is driving cybercrime to thrive. In 2021, online crime, particularly in finance, is on the rise, forcing everyone involved to take extra care to protect their wallets. Cyber attacks are on the rise and threaten both average citizens, businesses and theglobal economy as a whole.

According to last year's FBI report on Internet crime, cybercrime costs the world more than a trillion U.S. dollars. As the agency noted, the statistics are disappointing, as the figures are increasing by 50% annually. According to the forecasts of analysts, 

Experts predict that there is a chance that by 2025, the price of global cybercrime will reach $10.5 trillion annually. Moreover, in 2021, crypto ransomware is the No. 1 cybersecurity threat. 

If you use bank cards, have a deposit, have a credit limit and no restrictions on online payments or cash withdrawals, then this article will be most useful to you. After reading the article to the end, you will learn about the top tricks of financial cyber fraudsters, as well as how not to become their victim.

A method of social engineering

Methods of resisting cyber fraudsters or Top 6 scam Schemes in 2021 review

According to experts, in 2021 about 90% of bank card frauds are caused by social engineering. In the context of information security, it is a popular method of psychological manipulation for financial gain. Most often, scammers call from "disposable" numbers, posing as employees of banks (or any other financial institutions, as well as law enforcement agencies) with various requests for changes of a technical nature. For example, these may be requests to install "security" software, to withdraw/transfer funds to a "safe account", or to "clarify" account data. In fact, a "safe" account is a program for remote access to a user's phone, through which funds are withdrawn from his card, but without his knowledge. 

Every ninth subscriber becomes a victim of fraudsters who use the method of social engineering. Only for the previous 12 months the number of fraudulent sites with the so-called "surveys" aimed at stealing money from the cards of the clients of different banks has increased by 7 times.

How to protect yourself:

Under no pretext should you follow instructions received from an unknown number or share any personal information with third parties. End the conversation as soon as possible. For your own peace of mind, immediately call the official hotline of your bank (contact your personal banker). In the first option, the number is indicated on the bank plastic card. In the second case, the contacts of the personal manager can be checked on the Internet banking site.

Do not be lazy to contact the branch of your mobile operator with an application stating that you prohibit the reissue of your SIM card by proxy without your personal presence.

The bank does not request the data on the bank card, do not ask to name a code from the SMS and even more so, will not offer to provide the PIN-code of the card. Such requests can only come from fraudsters.

Important! Do not install on your smartphone or PC applications that are offered to you over the phone, as pseudo-banking employees do. In this case silence is gold, or rather its protection.

The method of opening a credit line in mobile app

Methods of resisting cyber fraudsters or Top 6 scam Schemes in 2021 news

As a rule, fraudsters under the guise of "bank" employees call with offers for a loan that has already been approved by the bank. Reasons for such "generosity" are called promotions, a good credit history, regular receipts, etc. 

The purpose of using this method is not to steal the client's personal funds. In this case, the fraudsters target the credit funds of the victims of the deception. Swindlers "execute" a loan within a few minutes (since the stage of the so-called approval by the bank has already been passed and approved). The scammer has an opportunity to "get rich" of a much larger amount than the client has on his account.

Sometimes the client himself does not understand what is going on. In this case the fraudsters use a method of moral pressure: they threaten the victims with fines and do not pamper them with tales of bonuses as they do when they first meet their potential victims. Often the scammers tell the client that the only optimal way out of the situation is a loan. And they can meet him halfway and arrange everything over the phone. During the long persuasion, the swindlers make the client do everything themselves (enter the code, personal data, etc.) or they trick the client into giving them passwords to the mobile bank and make the procedure by themselves. 

Most often the scammers are so convincing that it becomes more and more difficult for the employees of the actual bank security services to convince the clients, who have become the victims of scams, to cancel the operation every year.

Ways to protect yourself:

The recommendations are essentially the same as when criminals use social engineering techniques.

A phishing method (or the fake sites usage)

This type of internet fraud, where the fraudsters gain access to the users' confidential data (login and password), is actively developing during the global lockdowns of 2020-2021 due to the pandemic. The activation of cybercriminals who use this method was facilitated by the mass transition of many spheres of human life online. In the previous 12-15 months alone, financial theft on the Internet increased several times.

The principle of the method is simple: fake sites are created to sell goods/services, but at lower prices than counterparts in the chosen niche. After the desired item has been selected, the client is asked to fill out a payment form (with personal data and full bank card details). The button confirming consent to make the payment is set up in such a way that the details are sent to the intruders. The client does not even see the trick until the money's gone from the card.

Thirst for easy big bucks and impunity make swindlers hone their skills. In 2021 the cases of high-quality forgeries of bank websites, where it is easier to get access to the data of clients' personal accounts, became more frequent.

In parallel, scammers launch sites offering help to victims of Internet theft, promising monetary compensation for participating in fake surveys. Result: repeated theft, unauthorized money withdrawal, stolen data from bank cards.

Ways to protect yourself against phishing method 

Carefully check information about the site before the purchase (check the domain, reviews, payment system page to which the merchant's site should redirect to enter payment data, etc.). Be wary of "steep discounts," "balloon prices," and "raffles with cash prizes." As a rule, the more attractive the offer, the higher the risk of being swindled by crooks. 

Important! Only swindlers can ask to transfer money to a card/virtual wallet. Companies do not accept to wire money to individuals.

In any case, if there is any suspicion, it is better to close the site.

A fake delivery service

In 2021-2020 this fraud scheme became very popular all over the world. The principle of the fraud is as follows: an attractive advertisement or a praiseworthy customer review of some product is distributed on the popular Internet resources. After the victim is "hooked", communication is transferred to messengers. When it comes to the checkout, the client receives a link to a fake site (often labeled as a courier service), where there is a requirement to specify bank card data. The result: no goods and the fraudsters write off the money.

Ways of protecting against cooperation with fake sites.

Recommendations are similar, as in the case of the phishing method, which is popular with modern swindlers.

The method of SPAM mailing  

A spam mailing is an email that, when opened, infects the user's computer or device with a spyware program. As a result, fraudsters gain access to all passwords and personal data.

While a couple of years ago emails from suspicious recipients could be ignored, today's mailing looks so plausible that the potential recipient thinks he or she is waiting for the exact same email or may mistakenly activate a link in an advertisement. As a result, there is a high probability that the malicious application will be opened and launched automatically without the user's knowledge.

Programs of this kind act as a Trojan horse: the scammer gets the login key for the victim's device in order to use it later as a platform to install other malicious programs (banking Trojans, encryption viruses).

Ways to protect yourself from malware

It is important not to open unsolicited emails, especially greetings, invitations, etc. Check the name of the sender and addressee. Is there an offer in the letter to install an application, follow a link? It's better to ignore, close and delete such messages.

DDOS attack method 

This is a type of hacker attack on the computing system of a single user or a company. The aim of the fraudsters is to create such conditions that the system user cannot access (or will be hindered in accessing) certain system resources. Often, this leads to a complete work stoppage of the site (any network resource).


This is done with the help of a so-called botnet (a program with viruses). Today, the scammer does not even need to understand the complexities of creating such programs himself: DDoS attack services are popular on the Web. The goal of DDoS attacks is extortion with threats of more powerful and sustained DDoS attacks if victims refuse to pay.

Ways to protect against the method of hacking attacks
It is recommended to use specialized security software that will block DDoS attacks.Be careful and don't give cyber scammers a chance!

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