Condusef describes phishing as fraud in which criminals impersonate a financial institution and trick people into giving them their bank passwords or credit card numbers.
The Nigerian scam seeks to lure its victims by claiming that a Nigerian royal needs to get his money out of the country due to political complications, and in order to release his fortune, asks the potential victim to deposit a sum of money into an account.
“The Nigerian fraud is also known as ‘Fraud 419’ due to the number of the section of the Nigerian Penal Code that is violated, however, the incident could be committed anywhere in the world,” said the Ministry of Public Safety.
Fraud targeting online banking users rose 64% in 2023 compared to 2022, according to Inegi, followed by e-commerce fraud, which increased by 46.6%.
The Mexican Online Sales Association (AMVO) estimates that last year almost 66 million people bought a product or service through the digital channel in Mexico.
