With so many companies currently reducing their workforce, jobs scams have become a serious and widespread problem for those who are looking for work. Stories from people who came across these scams on LinkedIn talk about scammers asking for their IDs, possibly to commit identity fraud or theft.

Bank fraud is a type of financial crime that involves the use of false representations and illegal activities to obtain money or other assets from a financial institution. It can involve forging signatures, using stolen bank account numbers, or using fake documents to gain access to funds.

Telephony fraud is a significant challenge. Companies of all sizes and industries are subjected to the malicious usage of voice and SMS with the intent of committing financial fraud, identity theft, denial-of-service, and a variety of other attacks. Businesses that fall victim to fraud can incur significant financial losses, irreparable damage to their reputation, and legal implications.

It’s seldom easy to predict what a hacker will do exactly. Cybercriminals frequently act out of impulse and chance rather than following a rational course. The Identity Theft Resource Center (ITRC) believes it has a preview of what lies ahead in 2023 after studying patterns in the second half of 2022. Takeovers of social media using identity theft, either assuming fake profiles or claiming an original profile was popular in 2022.