Man-in-the-Middle Fraud occurs when a customer is unknowingly lured into providing personal information to a cyber criminal. Typically, a customer offers his or her information on a fake website that looks similar to that of a real company or institution.
Both the customer and institution are victims in this type of crime, because neither knows that their information is being illegally taken. The cyber criminal stands in the middle of the fraudulent transaction between the institution and customer.
Examples of this crime occur when a customer receives a fake email that may appear to be an online retailer or financial bank. The email may ask the customer for his or her password and account information. Then, as a customer unknowingly provides this information, the cyber criminal hacks into the customer’s finances, credit card information, and other important types of information.
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