Cyber-Forensics.net
Cyber Forensic Specialist
With just a single tap on the phone, e-wallets have revolutionized how users pay. However, e-wallets are also being adopted by fraudsters at a faster rate.
— Timothy Benson
SOFIA, BULGARIA, March 2, 2022 /EINPresswire.com/ — Digital experts say that by 2025, more than half of the world’s population is expected to use e-wallets. They are soaring high in popularity. Unfortunately, e-wallets have also become common grounds for hackers to launch frauds with a tendency to financially cripple users.
Fraudsters target e-wallet users because hacking into an e-wallet is easy and can earn cybercriminals a lot of money.
They contain bank details such as names, mobile numbers, and email addresses linked with the bank. Fraudsters who successfully get their hands on e-wallets end up gaining a lot more than just access to money. These criminals can even steal amounts and illegally manipulate consumer data.
Cyber-Forensics.net, a cyber forensics service for online scam victims, studied the emerging e-wallet frauds and explained many ways an e-wallet fraud actually happens:
How Do E-wallet Frauds Happen?
According to account recovery specialist Peter Thompson, there are several ways a fraudster can carry out an e-wallet…
