What’s the difference between fraud and a scam?
What is fraud?
Fraud is a criminal act to deceive you and take your cash – it’s a transaction that you didn’t make or authorise.
What is a scam?
A scam is where you’re tricked into making or authorising a payment to a criminal’s account. Scammers impersonate banks, retailers and official organisations using emails, phone calls and texts that look and sound genuine.
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