Internet Fraud

Article about the problem of Internet Fraud

Avoiding Fraud on the Internet

Educate Yourself about Internet Fraud

If you want to protect yourself and your money, the best way to do this is to educate yourself about the dangers of internet fraud. One of the ways in which fraudsters and scammers operate is to use viruses and trojans to obtain information about you. This article is intended to give you an insight into the world of internet fraud. So, take just 5 minutes to sit down and have a read.

If you, like the millions of people worldwide, have an e-mail ID, chances are you've gotten one of these mails. There are those that tell you that millions of dollars of government funds are waiting for you. There are others that seek your assistance to help transfer huge sums of money across national borders (for a commission of course). There are still others that offer to provide you with unbelievable discounts from products ranging from Viagra to the latest electronic powerhouse. All of them sound too good to be true, most probably are and all, without exception come under what has come to be known as Internet fraud!

Internet fraud is much more than conventional fraud taken online. In fact, it is much more powerful than conventional fraud because the perpetrators of Internet fraud, (or any types of internet crime) could operate from anywhere in the globe! This makes them very difficult to track and they take full advantage of this. Ever since banking went online, fraudsters have emerged, seemingly from the woodwork, all over the globe. And they are hitting people like you and me with impunity, and more shockingly, indulging in internet fraud worth billions of dollars. The modus operandi, (or M,O) of Internet fraud operators is simple. Most fraudulent online offers promise money or discounts - things that most people cannot resist. Others offer loans, mortgages and financial services (even if you hold bad credit ratings!) Still others lure you with promises of getting you that unsecured credit cards, fourth mortgages and other goodies. But remember, no legitimate business will want to have dealings with you if your credit history is bad - and that unsolicited e-mail that promises you the heaven and the earth, is surely a prime example of Internet fraud. Other examples of Internet fraud are offers (especially from Nigeria and other African countries) which offer you large commissions to help transfer millions of dollars to your account. Sounds lucrative right? Think again. Just last year, hundreds of netizens were conned out of millions of dollars by these fraudsters. And that does not include those who were foolish enough to actually follow-up on these online e-mails to make them offline, life-threatening confrontations with money-hungry mercenaries. But not all Internet fraud is aimed at greedy people. Even regular users of the Internet like you and me could end up being victims of Internet fraud. Phishing is the most common of these. Pretending to be from your bank or pay pal account, fraudsters try and get hold of your account details by diverting you to and making you log in to a fake website. When they have your account details, they log-in and withdraw all your money. Phishing may also occur over the telephone, where fraudsters ask for your details and then use it to steal your money. The best way to stay clear of such Internet fraud and Identity theft attempts is to use your common sense.

No authorized representative would ever ask for your personal account details like log-in names and passwords. If they do, they are most likely fraudulent. No offers of sudden wealth ever come about in the real world. If they do, they are most probably Internet fraud attempts. Get rich schemes, unsolicited offers to get you loans, free credit cards and other such offers are all fraud havens. It is better to keep your eyes peeled, your personal details to yourself and a watch on websites like www.fraud.org and www.ifccfbi.gov for the latest on Internet fraud. Not only do these websites provide tips on how to avoid fraud, they also list out the most common examples of Internet fraud and guide you to remedial action if you have had the misfortune of becoming a victim.

 

 

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