Essay on Online Fraud, E-Crime, and Internet Scams

Online Fraud, E-Crime, and Internet Scams In the mid-1980’s, computer-related crimes appeared in the United States. Computer-related crimes have now spawned into Internet crimes, and have raised issues regarding Internet security. Essentially, the Internet has become a playground for criminal mischief. Basically, 21st-century technology and Internet accessibility are providing arenas for criminals to use old-fashioned techniques to take advantage of consumers. Recently, Internet crime rates have skyrocketed. The FTC reported that in the last two years, Internet-related-shopping complaints have risen from being 10% of all consumer complaints to 30% of consumer complaints. Last year, 75% of online merchants were concerned†¦show more content†¦The loss of customer goodwill will be in the form of less site traffic. The merchants who are victims of online fraud or e-crime feel their sites will lose traffic because customers who hear of the crime may become worried about the security of the attacked sit es. The Top Ten â€Å"Dot Cons† There are ten â€Å"dot cons† that are prevalent on the Net today. Auction fraud is the most common type of online scam. Because the popularity of online auction sites has exploded, they are particularly susceptible to fraud. In 1997, there were 100 reported cases of online auction fraud. In 1999, there were 10,000. The average victim of online auction fraud loses about $300 U.S. dollars. The most common type of auction fraud happens when a bidder pays for an item, but never receives the item. The No. 2 con is Internet service provider scams. In this scam, a company will sign customers up for Internet access and then put phony charges on the customers monthly phone bill. Usually, these scam artists make it nearly impossible to cancel future monthly charges and receive refunds. The No. 3 con is Web site design scams. This type of scam is similar to the ISP scam. It is based on fraudulent billing. Scam artists will call businesses and offer free web pages. When the business agrees to sign up, the scam artists start to charge exorbitant fees. The No. 4 con is Net porn credit card fraud. Basically, an adult siteShow MoreRelatedInternet 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. 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