Many hacking techniques exist in the realm of internet fraud, and while they may operate in different methods, the goals remain largely the same: to capture personal information from a consumer and exploit this information for financial gain at the expense of both consumers and businesses involved in financial transactions online.

Two of the most common approaches utilized for hacking personal information are known as phishing and “man-in-the-middle attacks.” These approaches rely on the use of ‘spoofed’ e-mail messages and other techniques to direct consumers to fake web sites where their private information can be easily swindled. By fooling victims into divulging their usernames and passwords, attackers can gain access to the victims’ accounts.

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