At least 3.4 billion fake emails are sent around the world every day according to Security Magazine. These account for untold millions of losses due to online scams.
Historically, the "Nigerian Prince" scam is one of the most popular. It typically involves the fraudster promising the victim a significant share of a large sum of money, in return for a small up-front payment. Once the fraudster gets the money they either disappear or continue to concoct more scanrios to fleece the victim.
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