Internet Fraud - 2358 Words

Philip A. Agre says that, â€Å"Computer networks have a tremendous capacity... to bring people together by extending the already diverse and complex ties that people have among themselves.† The Internet technology connects almost everyone, but it also has its complications. This paper focuses on one main problem Internet users may encounter. It is limited through certain books, dictionaries, and internet sources that are accessible. The writer used books for facts and figures, dictionaries for descriptive purposes, and credible online sources such as the United States Department of Justice website. During the late 1970s and early 1980s there were only a few and small communities using the Internet. Less than a million people were in the†¦show more content†¦Ã¢â‚¬Å"Fraud is the act of obtaining title to property through deception or trickery constitutes the crime of criminal fraud†. Unfortunately, fraud schemes happen in the Internet. It is for the fact that almost all sectors of the industrialized world use the Internet; there will be groups of individuals who would take advantage of this new market to steal from the populace. This is the problem of Internet Fraud. According to United States Department of Justice, the term Internet fraud generally refers to any type of fraud scheme that uses one or more online services - such as chat rooms, e-mail, message boards, or Websites - to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme. Internet fraud is a problem that has become very widespread in recent years. Internet fraud was first monitored by the Internet Fraud Watch organization in 1996. The Fraud Watch has stated that each year after its inception internet fraud has increased. In 1998, the Securities and Exchange Commission established the Office of Internet Enforcement to fight online securities fraud which was another sign of how large the problem is becoming. Internet fraud is committed in several ways. The FBI and police agencies worldwide have assigned people to combat this instance of fraud; according to figures from the FBI, U.S. companies losses due toShow MoreRelatedInternet Theft Of Online Auction Fraud Essay865 Words   |  4 Pagesamount of fraudsters using auction fraud to scam individuals out of their money, it is essential to know to handle the situation after becoming a victim. The victims of online auction fraud often report numerous issues that include â€Å"buyers receiving goods late, or not at all, sellers not receiving payment, and failure to disclose relevant information about a product or the terms of sale† (Auction Fraud, 2010). If anyone becomes a victim of online auction fraud, the actions taken next are very importantRead MoreInternet Hoaxes and Fraud Essay1313 Words   |  6 PagesInternet Hoaxes and Fraud The Internet has many benifical uses that everyone can use to create an easier and more relaxed life. People can now work in there home over the computer, purchase goods and services and even meet new people. The Internet has taken the vast amount of space that separate people from across the world and connects them through a network of phone lines, cable and DSL modems, and even satellites. Unfortunately, with this great new technology we face a new problem. InternetRead More Internet Fraud and Identity Theft Essay1176 Words   |  5 PagesInternet Fraud and Identity Theft The Internet is not just a medium for information; it is a tool for communication. Creating a new social sphere and environment, the Internet allows virtually anyone to be a participant. 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Recently, Internet crime ratesRead MoreBest Practices For Preventing Identifying And Reporting Internet Fraud Essay1590 Words   |  7 PagesBest Practices for Preventing, Identifying and Reporting Internet Fraud The Internet plays critical roles in the fabric of today s society, and people use their computers and mobile devices for business, social contact, recreation playing games and many other activities. However, everyone faces cyber crime risks when using their computersm and these perils range from phishing to investment fraud. 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The Fraud Watch has stated that each year after its inception internet fraud has increased. In 1998, the Securities and Exchange Commission established the Office of Internet Enforcement to fight online securities fraud which was another sign of how large the problem is becoming (Clausing). Despite the SEC ¡Ã‚ ¦s efforts this problem hasRead MoreList Of The Top Types Of Internet Fraud1699 Words   |  7 PagesWork At Home and Home Based Business Scams and How to Avoid Them Home-based business and work-at-home opportunity scams rank very high on the list of the top types of Internet fraud. In this presssing issue, I’ll concentrate on the Top home-based business/work-at-home scams. We’ll give you the straight goods on envelope stuffing, mystery shopping, and other common home-based business â€Å"opportunities† you may have seen floating around the Net. Then, I’ll give you some important tips you can useRead MoreInternet Fraud Is Greater Than Ever1432 Words   |  6 Pagesote - In a world amid the buzzing and beeping of smart phones, laptops, and tablets, our susceptibility now to internet fraud is greater than ever. It’s not incredibly uncommon to hear of someone’s experience with separation anxiety over their mobile device. and although this may be common nature and just scream of the attachment issues we’ve developed with each new technological advancement becoming available on the market, the preeminent problem is security. The deceit in the system is clearRead MoreInternet Scam1309 Words   |  6 PagesTopic : Internet Scam Thesis Statement : Why many students victimized in Internet Scam? The aim of this chapter Chapter 1 : I.Introduction The aim of this chapter is to give an overview of Internet fraud in general. The Internet fraud definition, types and examples will be discussed. The chapter identifies some web applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact. It also presents some existing techniques and strategies to detect and prevent