Internet Fraud

What is Internet Fraud?

Internet Fraud Fraud has been around since the beginning of time, and with the advent of the Internet, there is no shortage of Internet fraud. Online fraud, unlike its traditional predecessors, is particularly dangerous, given the ever-increasing Internet dependence of global economic and monetary transactions.

While “traditional” fraud could sometimes affect many individuals in different countries and communities, most fraudulent activity would be limited due to the lack of the communication infrastructure that the Internet provides.

Through the Internet, however, criminals with a practically instantaneous global reach, and online scams can target millions of people living thousands of miles away.

Online Scams

Internet fraud, like most other fraudulent activities, has a single goal: to scam unsuspecting Internet users, whether private individuals or legitimate businesses, out of their money. Those who commit Internet fraud do so in a number of different ways, including identity theft by acquiring the victim’s personal information (address, social security number, etc.), the abuse of online dating websites, purchase scams, fake checks and money orders, and fraudulent work at home schemes that appeal to the victim’s desire to “get rich quick.”

Even though more and more people are aware of online fraud and do not fall for it, the sheer number of people that the fraudsters can reach very easily through spam email, instant messaging, and online dating fraud makes it profitable for them to continue.

Internet Fraud Protection

Since the use of the Internet and its communication technologies is both extremely useful and universally dangerous, it is important for every Internet user to know about the resources at his or her disposal to prevent Internet fraud, including anti-spam and anti-phishing technologies, and methods to prevent identity theft. Also, if a person discovers that they were a victim of Internet fraud, there are ways for them to remedy the situation and report the fraudulent activity to the proper authorities.