Internet Scams Essay

1681 words - 7 pages

Internet Scams

From the comfort of an internet user’s own home they truly have the world at their finger tips. They have access to a Global Market place through the internet. Cyberspace offers unlimited options for quick and easy ways to shop, find investment opportunities, communicate, and much more. Unfortunately however, in today’s world fraudsters also find the internet to be a quick and easy way to fool and rob unsuspecting surfers with false advertising and false promises. The fraudsters target those who do not know how to determine the validity of online offers and sales. According to the National Fraud Information Center (NFC) there were 36,802 complaints of internet fraud in 2002, and the complaints increased to 37,183 in 2003 (Internet Scams). This growing problem affects internet users everywhere, who can lose hundreds of dollars to these cunning, ruthless scam artists.

According to the NFC undelivered or misrepresented goods or services from auction websites made up 89% of scam complaints in 2003 (Internet Scams). In his article entitled “Sleaze Bay,” David Freedman explains why auction websites are so appealing for fraudsters: “As is true of much of the Web, the characteristics that make auction sites so appealing—anonymity, speed, low overhead, access to millions of people, lack of outside regulation, an ability to interact from a great distance—are the very same characteristics that make rip-offs so easy” (1). According to Freedman, sites such as E-bay may be subject to shill bidding; a practice against E-bay rules that is often illegal. Shill bidding involves a seller, their friends, family, or other sellers bidding to entice other bidders to join and raise their profits. This is based on the idea that “…bidders often feel there is safety in numbers” (Freedman 1). If the seller is the final bidder, they can e-mail the runner up telling them that the winning bidder changed their mind. Fueling this practice is the fact that E-bay’s feedback system can easily be manipulated so that a fraudulent seller can secure a good reputation. A seller can refuse to allow buyers with negative feedback in future auctions and make “fake” sales to friends who will then give positive feedback.

The worst scam sellers on auction sites pull is failing to deliver goods sold to buyers and then disappearing. General merchandise scams in which there was false advertising, or customers never received their order made up 5% of internet scams in 2003, making it the second most common complaint according to the NFC (Internet Scams). Since it is relatively easy for a seller to secure a good reputation on auction sites through favors from other sellers or friends, an auction scam artist can offer expensive items with success. Also, they legally have up to 30 days to deliver the items, so they have sufficient time to collect their buyers’ money and change identities before the deadline. Freedman makes an appropriate point when he states, “Even after 30...

Find Another Essay On Internet Scams

Charity Fraud Essay

1376 words - 6 pages perpetrator has become the internet. With the right emotional appeal together a mix of anonymity, there is almost no better way to convince donors that their money is going towards a worthy cause. Some of the internet’s most notorious charity frauds include the Tsunami Victim scam, 911 Charity scam, and the Nigerian 419 e-mail scams. One of the more recent charity scams to appear on the internet was when hurricane Katrina decimated New Orleans

Staying Safe from Cyber-Crime Essay

2077 words - 8 pages someone out of their money or personal items. In a newspaper called the Saturday evening post on page 4 is a research article named “sneakiest new scams” by Sid Kirchheimer which lists numerous ways that people have scammed others through the internet and even over the telephone. The most prominent of scams that have been successful for at least 40 years have been famously acted out by Nigerians. Sid Kirchheimer states in his research on

Has The Internet Done More Harm Than Good

1267 words - 6 pages Unedited version Has The Internet Done More Harm Than Good The topic on Has The Internet Done More Harm Than Good is important because it has been debated about countless times and is still ongoing. There are hundreds of reasons backing both sides’ arguments. The Internet is such an important place; it builds bridges to other countries and people but also destroys people's lives. Over 80,000 people are affected by phishing scams. The

Internet Filters

1122 words - 4 pages . Unfortunately, just as easily as the information is produced it is abused. The internet, although mostly used appropriately does harbour all manner of illegal activities. These range from phishing scams, trying to steal someone’s personal details, viruses, malicious code that attacks a person’s computer and websites that are morally questionable or illegal under Australian law. To combat this, the Rudd government has started action to impose an

Internet Dangers

3496 words - 14 pages -front payments. These are never paid back, and the bank always looses (Berst 2).One of the more publicized scams on the Internet right now involves credit cards. The first scam is a credit repair. In this scam, a company posing as a credit provider promises to consolidate and bring a person¡¦s credit record back in order. These companies obtain people¡¦s credit card numbers and then simply go

Immigration in the US

1591 words - 6 pages included within these situations. Mail order brides should be banned in the United States in order to reduce the increase of domestic violence amongst women (Chittenden 5), the testing of a bride’s selflessness (Bell 1), and internet scams (Internet Relationships 1). Immigration in the United States has increased over the years. Nevertheless, the process may take weeks, even months at a time. Mail order brides are no exception

White Collar Crime

934 words - 4 pages so as to achieve personal gain.Some of these White collar crimes consist of bank fraud, pyramid scams, internet fraud, phone scams, chain letters, modeling agency and Nigerian scams, computer fraud as well as telemarketing fraud.I'm sure some of you have received a Nigerian email scam asking you to hold untold millions so they can access it in Australia. All they need is your credit card and banking details.

internet and children

884 words - 4 pages .  The excessive use of the internet puts a child at risk for internet violent behavior which includes scams, spyware, viruses and malicious software.  Also children are at risk to be exposed to inappropriate image or content either unknowingly or deliberately. Children are at risk of sexual predators in chat rooms, harassment and other forms of social media activities associate with cyber bullying and publication of violent videos on social

Voice Over Internet Protocol Attacks

1082 words - 4 pages ). Understanding voice over internet protocol (voip). Retrieved from http://www.us-cert.gov/reading_room/understanding_voip.pdf Edwards, J. (2007, January 11). Voip scams, phishing, and denial of service attacks. Retrieved from http://www.voip-news.com/feature/voip-scams-phishing-dos-011107/ Harper, Allen; Shon Harris; Jonathan Ness; Chris Eagle; Gideon Lenkey; Terron Williams (2011-01-12). Gray Hat Hacking The Ethical Hackers Handbook, 3rd Edition

On-line Dangers

1543 words - 6 pages found in the on-line classified advertising. No matter where you read these, you are likely to find some that are false, such as ads promoting “miracle” weight loss products and programs. A good way to avoid being ripped off by these scams is to use your common sense: if it looks too good to be true, it probably is. In the digital age, we are offered a wide variety of conveniences and services through the Internet. Even though most of these

Definition of cybercrime

1503 words - 6 pages ://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?article=1223&context=auilr&sei-redir= Cybercrimes 2012 (2012). p. 3. National Crime Prevention Council. Retrieved from http://www.ncpc.org/resources/files/pdf/internet-safety/13020-Cybercrimes-revSPR.pdf FBI-New E-Scams & Warning (n.d.). Retrieved from http://www.fbi.gov/scams-safety/e-scams

Similar Essays

Internet And Computer Safety Essay

849 words - 4 pages from an unknown source. Phishing scams happen in a variety of ways on the internet, which causes a large amount of damage. Since cybercrime is getting larger and larger preventing yourself from being a victim of these phishing scams is also important. Phishing is a major crime that takes place frequently online and there needs to be a stop to this internet fraud. What is Phishing? A type of internet fraud that sends an email

Financial Losses Due To Fraud Essay

1802 words - 8 pages far the most devastating and expensive crime in the world, and it continues to surge on in full force. Fraud can take thousands of different forms. Fraudsters can use techniques ranging from mass scams to anyone with a telephone, computer, or mailing address, to taking on far more sinister tactics that exploit personal problems. One of the most popular tactics targets loving grandparents, “Scammers pretend to be a grandchild in need of money

Frauds And Scams: Can You Be Protected From Them?

1721 words - 7 pages , it could be months before you realize the damage is being done. If you do notice anything is wrong report it immediately; to stop the damage from continuing. Over the last 20 years Nigerian or 419 scams have been the meccas for committing fraud and scams upon millions of people. Most phone and internet scams are referred to as Nigerian scams or 419 scams; as Nigeria is where most scams of those types had originated. 419 refers to the law that

Internet Privacy And Security Essay

1113 words - 5 pages internet use. Did you know that from 2005-2009 the internet scams rose from 100,000 per year to nearly 300, 000 per year (Internet Scam Statistics). From 2010- 2012 it continues to rise beyond 350,000 per year, with a monetary loss of over $300 million per year. The top 5 internet scams per (Info-graphic Highlights) with the most complaints: 1. 14.4 % - Identity theft 2. 13.2% - FBI-related scams 3. 9.8% - Miscellaneous fraud 4. 9.1% - Advance fee