Phishing
This is one of the easiest ways for scammers to steal personal data. You get a message, asking to enter your login information. This information is then used to make purchases through the app to which you revealed the information. The same login information can also be used to gain access to other apps that you use since a normal user has the same login credential across several applications.
Vishing
Vishing is much like phishing and is its telephone equivalent. It involves the act of calling unsuspecting users by appearing to be a legitimate business. Scammers then extract vital information by making the victim think that they will profit. For example, a scammer might call you by pretending to be your bank and asking you for your PIN, or call you as an IRS agent asking for your tax details.
Fraudulent websites
A smartphone has a smaller screen than that of a desktop computer. Hence, it is difficult to differentiate a fraudulent website from a real one in a smartphone than on a computer. The difference in the logo, quality, and display of the website is un-noticeable in a smaller screen. The use of phony websites and information tampering using fraudulent websites are thus more common on a smartphone.
Subscription fraud
Fraudulent users gain access to a person’s information and use it to sign up for an expensive subscription. This kind of fraud falls among the most common mobile fraud.
Stolen devices
If your smartphone gets stolen, fraudulent users can use the device to make purchases through apps.