A scammer, having already obtained your login information via a data breach or other means, impersonates a representative from your financial institution.
You receive a telephone call or email from someone that appears to be legitimate because the scammer has some specific information about you, such as your name and details about your friends and family.
Email: Traditional phishing is usually a two-part scam involving email and may contain links to a fraudulent website that appears legitimate, but is actually a hoax designed to capture your personal or financial information.
Text message: A phishing attempt via text message to a mobile device to convince recipients to share sensitive information through a reply or link to a fraudulent website.
Scammers require you to pay a fee to receive the prize to avoid taxes or additional fees, or may even threaten to report you to the IRS or police if you do not make the requested payment.
You meet a romantic interest on an online dating site, social network, or chat room.