Internet Fraud Security: All And More By Semalt
Internet frauds refer to online crimes committed by some web users. Internet frauds appear in many forms and vary greatly. They range from online scams to email spams. Additionally, an internet fraud can be said to happen even if it is partly based on internet use and computers.
Thus, Lisa Mitchell, the expert from Semalt, outlines the most common forms of internet frauds to help you understand where the danger is lurking.
Foremost, counterfeit postal money orders frauds are on the increase. According to the FBI, there has been a surge in the quality and quantity of forged US postal money orders intended to commit internet crimes. The penalty for using or making counterfeit postal money orders in the United States is a $25,000 or a jail term of up to fifteen years.
Secondly, online automotive scams occur when fraudsters advertise non-existent motor vehicles on a site, typically sports or luxury cars. The cars are advertised for prices below market values. According to advertisers, the vehicle details are lifted from websites such as Cars.com, AutoTrader.com, and Craigslist and include a description, photos, and registration numbers. The victims, who are interested customers, hopefully for a bargain, send emails to the scammers who respond by saying the vehicles are still available but overseas. Some scammers also claim that they are out of the town, but the vehicle is in the custody of a shipping company. The fraudster then requests a victim to send full or partial payment through wire transfer to initiate the process of "shipping." A third-party agent is introduced by the scammer to make the transaction appear more legit or provide purchase protection. The victims then wire the money before discovering they have been conned. In this relation, the auto sales sites often include warnings on their adverts. For instance, Craigslist warns their clients not to accept offers where cars are still in shipping process or those that require funds to be remitted via Western Union.
Thirdly, charity fraud entails situations where fraudsters pose as charitable organizations lobbying donations to assist victims of an epidemic, natural disaster, regional conflict or a terrorist attack. For example, the 2004 tsunami and Hurricane Katrina were popular targets of fraudsters. Other scammers pretend to be non-profits or orphanages or even impersonate charities such as United Way or Red Cross. These internet fraudsters request for donations and often cite online news articles to boost their story of funds drive. The victims are charitable persons who believe in supporting a worthy cause, expecting nothing in return. After sending money, scammers disappear although some attempt to request for more cash from potential fraud victims.
Finally, the internet ticket fraud is an online scam that poses to provide sought-after tickets events such as sports, shows, and concerts. The tickets are never delivered or are fake. The increase in online ticket agencies and proliferation of dishonest and experienced ticket brokers has fueled internet ticket frauds. According to searchers, most of the internet ticket frauds are run by British ticket resellers though they still base their operations in other nations of the world. Additionally, most internet ticket brokers use URLs similar to official websites.