Internet Fraud
Internet Fraud is ever increasing as Fraudsters continue to find new ways of using the Internet to scam innocent consumers.
Fraud over the internet is popular because of its anonymity and ease of promotion, and its lack of borders. It used to be that fraudsters required intelligence to persuade people face to face. With the increase of the internet, comes an increase of fraud - and these fraudsters no longer need to be persuasive, just persistent and patient.
Fraud on the Internet includes, but is not limited to: fraudulent or fake web sites, untrustworthy websites, phishing (fishing) for personal information with fraudulent emails, Online auction frauds - buyers and sellers, increased Nigerian 419 Advance Fee Fraud, Lottery Advance Fee Scams, Business Opportunities & Work from Home Scams, International Modem Dialing and Cramming, and credit card fraud.
There has been a huge increase in types of frauds that gain personal information, which is then used or sold for the purpose of identity theft. Advance Fee Fraud, where cash is required from a consumer before a payout of millions from lotteries or Nigerian business proposals, is used for two purposes. If the fraudsters are lucky enough to scam the consumer out of cash, then that is a small bonus to compliment the personal details they have extracted from the consumer - these can include bank account and credit card details, passport numbers, social security numbers etc. Identity Theft goes hand in hand with Internet Fraud.
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