Fraud As White Collar Crimes
Have you been a victim of phishing? Essays
Internet Scam
Informative Speech Scams
Credit Card Fraud Essay
Essay On Phising Scam
The Pros And Cons Of Phishing
Scams, Cons, And Identity Theft Essay
Work At Home Scams Essay
Essay On Attorney Scams
Scams Associated With Cybercrime
E Mail And Web Site Scams
Scams and Fraud in Stock Market
Scams As A Victimless Crime
Scammers Scams
Elderly Scams
Email Scam Essay
Controversy Surrounding Internet Fraud
Spear Phishing Scams Essay
1. Fraud As White Collar Crimes
Abstract: We are hearing at least one scam per day on every corners of the globe, these days
making scam or fraud is not a big task but the consequences after that are horrible, it effects many
individuals lifestyle and even sometimes cost life of human beings
Earlier Scams are restricted to some fields but now they are taking place in every field at any
incidence of time. Scams are creating a doubt for us whether to believe to business, corporate
companies and even our neighbours. These days corporate scandals are increased in frequency and
severity, we are even believe them and guess the effects of them, we can call corporate scam as
white–collar crimes . The scams like Enron, WorldCom, Satyam and Augusta helicopter scams are
few examples of biggest frauds in the last two decades.
If we go in depth with Satyam computers scam that occurred in 2009, we will know what the fraud
is, they manipulated their accounting details for seven years in order to show their company is more
powerful than what it was in actual by cheating their employees, stakeholders, vendors, clients and
everyone. This scam left us questions about security, law and governance and how importance they
are in our everyday life, this scam created a doubt on Indian companies in the world market.
Introduction:
What is Scam?
Scam/ fraud can be described as doing things illegally and which are not ethical, which are not good
for organisation and society by effecting everyone connecting to that
Get more content on HelpWriting.net
2. Have you been a victim of phishing? Essays
Have you been a victim of phishing?
Many words have been added to the English language from the birth of the Internet. Some of these
words have been created from the basis of something in existence and others do not seem to be
related at all. The resent topic in the Internet world is phishing, a new type of identity theft that is
done directly over the Internet without its victims knowing they are being misled. This issue has
been a concern of all who are involved. The biggest worry is how can this be prevented?
Definition When you think of the word phishing, without seeing it spelled you think of a boat, a pole
and maybe a relaxing time on the lake, but this may be just the opposite. The word phishing when
...show more content...
The email will look like it is a real company sometimes with the same logos as on their websites,
which will say something to the effect of 'we need to update your account information' or 'your
account has been deactivated, click here to re–activate'. When you do not pay attention to the little
details, it is hard to see that the email being sent to you is not from the company stated. David
Jevans of the Anti–Phishing Working Group said, "They are so sophisticated, that even computer
security experts sometimes have a hard time telling the real ones from the fake ones." (Phishing for
your Identity) The number of phishing attacks has increased tremendously over the last few years. It
has been calculated that over the last year, phishing scams cost online banks over $1.2 billion; this
amount was quite an increase from previous years. (The Facts)
History Phishing is a topic that has surfaced recently in news stories but the idea has been around
for a while. Most of the time, when phishing emails went out prior to the innovation of copying
credible site appearances, it was easy to tell what was a fake email opposed to a true email. Usually,
the emails were sent with bad grammar and spelling errors. However, things have gotten more
sophisticated with the help of increased technology. (A Brief History) As these phishing schemes
become more and more advanced, the number of attacks increases tremendously. The statistics of the
number of increases are astonishing,
Get more content on HelpWriting.net
3. Internet Scam
Topic : Internet Scam
Thesis Statement : Why many students victimized in Internet Scam? The aim of this chapter
Chapter 1 : I.IntroductionThe aim of this chapter is to give an overview of Internet fraud in general.
The Internet fraud definition, types and examples will be discussed. The chapter identifies some web
applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact.
It also presents some existing techniques and strategies to detect and prevent Internet fraud.
The Intemet is a very important medium of communication. Many people go online and conduct a
wide range of business. They can send emails, sell and buy goods, transact various banking activities
and even participate in...show more content...
IV–Conceptual Framework
Use For Use For
Playing Programing
Game Games
communicates with other people learned how to hack website Used To recover the investment
through internet
V–Scope And Limitation The amount of Internet fraud reported this year was six times as much as it
was last year. The number of consumers complaining that they were defrauded on–line went from
1,280 in 1997 to 7,752 in 1998, according to an online fraud reporting system created by the national
Consumers League (Hendre A4). Online officials are trying to make scamming online more difficult
by creating a twenty–four hour online Internet fraud–detecting group. By adding this new service,
the creators are hoping to decrease the amount of Internet fraud that can be found online.
VI–Siginificance of the study 1. Students – The proposed research will determine the common
factors affecting fraud among other students in the country. 2. Parents – To be aware of the common
study habits among there children. 3. Community– The result of this study will make the people to
be aware of the internet scam among the students. 4. School – The Researchers expect that, the all of
the people will develop strategic solutions regarding internet scam if we found out that the most of
the students will know this.
VII–Definiton Of
Get more content on HelpWriting.net
4. Informative Speech Scams
Title: How to prevent yourself from involving in a get rich quick scheme.
General goal: I want to inform my audience.
Specific goal: I want to inform my audience on how to identify the nature of get rich quick schemes
and how to avoid being a victim of the scheme.
Thesis statement: I want to share with my audience about get rich quick scheme by explaining the
nature of the scheme and ways to avoid being a victim of the scheme.
Introduction
Attention getter: If there is anybody here knows someone close to you, your relatives or maybe
your own neighbors lost a lot of money and end up in debt because of scams, please raise your hands
up.
I.Listener relevance: A get rich quick scheme is an event where people invest their money for a
...show more content...
III.It is important to protect ourselves from being a victim of the scheme as we would not want to
lose a huge amount of money because of our own selfish decision. That is why we need to stay
alert and never give in to temptation when it comes to making money fast. Here are some tips to
prevent ourselves from the scams of get rich quick scheme.
a.Based on the article "How to avoid get rich quick scheme" by Juliane Anders, if most people
would use common sense, they would simply be able to avoid the schemes altogether. Does instant
money make sense? Does someone offering you thousands of ringgits a month with no experience
makes sense? The truth is that most people just don't think because they get greedy. Do not get
greedy. Most people get ripped off simply because they want something for nothing. Everything in
life takes work and everything worth doing takes time, resources, and experience. Remember the
golden rule – if it sounds too good to be true, it's probably a lie.
b.According to the article "Get–rich–quick investment scams" from consumer affairs new Zealand
website, if you are cold–called (rung out of the blue) ask for the caller's name and who they
represent. Ask about their company. If they avoid your questions, it is probably a scam. Deal only
with licensed financial institutions and authorized dealers and check with the relevant authority
before investing.
c.Next, do not be pressured or rushed to invest. Always seek independent financial advice
Get more content on HelpWriting.net
5. Credit Card Fraud Essay
The advent of technology, in the form of credit card, brought in convenience and made life
simpler for us, but along with it came the Pandora's Box. While credit cards have made life easy
for us, they have also managed to make life easy for the crooks. While enabling us to purchase
things we fancy whilst seated on our couch, it has on the other hand made it easy for fraudsters to
guzzle away money that is not truly theirs.
In this paper, I would be:
i.Problem Statement ii. Introducing the topic about credit card fraud iii. Talking about different types
of credit card frauds iv. Current issues related to this fraud
v.Tools used for Credit Card Fraud vi. Future effects of this fraud vii. Credit Card Fraud Detection
viii....show more content...
The cost of credit card fraud worth of transactions was 7 cents per 100 dollars in 2006.If you
translate theses transaction would end up in billions of dollars.
Credit card fraud can be able performed by circumstance like the one we just mentioned, or it can
happen when your credit card falls into the wrong hands. All a person has to do is get these out of
your mailbox and mail them in with a change of address request and start spending. Someone can
even apply for a credit card in your name if they have the right information. You won't know a thing
about it until the credit card company tracks you down and demands payment for the purchases.
Credit card fraud can be extremely terrifying. The terrifying picture about it is that people rarely look
at their credit card statement. This means charges are often unnoticed. part though is that people
rarely look at their credit card statements.
TYPES OF CREDIT CARD FRAUD
Physically Stolen Cards
The primogenital procedure of credit card fraud is the brave robbery of physical cards by
offenders. Customers are vulnerable to robbery in any site where they are combined by outsiders
the bank, the superstore, even a busy city street. Expert thieves have skilled themselves to notice
symbols of interruption and change in for the slaughter when it seems that you are not disbursing
consideration. Taking your credit cards by such people leaks you to all method of scam.
Get more content on HelpWriting.net
6. Essay On Phising Scam
Microsoft Office hit by phishing scam Information has emerged of a new phishing scam marking
Australian clients of Microsoft Office 365 products, possibly crippling businesses through the busy
pre–Christmas period. It is tacit that both folks and organizations all over the country have been
under attacked in past few days by an email purporting to be from Microsoft, which says receivers
to upgrade their accounts for the reason of not having available storage space. Individuals following
these directions were then taken to a fake website, where the scammers got the pertinent log–in
information. It came just after days accounting software giant MYOB received criticisms concerning
an eerily related circumstances as regards forced...show more content...
This shows 2nd law "If a bad guy can alter the operating system on your computer, it's not your
computer anymore", it happens when we download files or application from untrusted websites we
would be able to guard ourselves from this by Installing and enabling reliable anti–malware and
backup solutions. Simply install software updates from authorized websites or while the software
prompts you to do the same in Windows. https://www.itproportal.com/features
/bad–rabbit–inside–the–latest–ransomware/ Hyatt Corp. has declared that payment card data of
clients at numerous of its hotels was gotten to by hackers amongst March and July. Hyatt's
confirmation comes three months after the violation took place and this is the second such
violation endured by the hotel chain in two years. Amongst March and July of this current year,
suspected hackers could get to payment card data for clients at a few Hyatt hotels situated in
China, Brazil, United States, India, Japan, Malaysia and a few different nations. Taking all things
together, an aggregate of 41 properties crosswise over 11 nations were influenced by the rupture. In
a press speech, Hyatt Corp. declared that hackers could get too subtle elements of payment cards
which were either swiped or physically entered at the front work area of the influenced hotels. Points
of interest got to by the hackers included
Get more content on HelpWriting.net
7. The Pros And Cons Of Phishing
Nowadays, the most popular electronic medium that is widely used to transfer the message from
one node to another node all over the world is internet. Most of the people or organizations use
internet for secure message communication. However, there also are people with criminal intent.
The number of persons with malicious or criminal intents are increasing day by day. These people
do cybercriminal activity and commit fraud. Out of various cybercrimes, one of the most popular
cybercrime today is Phishing. Phishing is the attempt to acquire sensitive information such as
usernames, passwords, and credit card details (and sometimes, indirectly, money) by masquerading
as a trustworthy entity in an electronic communication [1].Phishing is usually...show more content...
Key Loggers Key loggers refer to the malware which captures inputs from the keyboard. The
information is sent to the hackers and are further used for malicious activities[2].
Content Injection Content injection is the technique where the phisher changes a part of the content
on the page of a reliable website. Thus the victim treats that fake content on the website to be
original[2].
Phone Phishing In phone phishing, the phisher makes phone calls to the user and asks the user to
dial a number. The purpose is to get personal information of the bank account through the phone.
Phone phishing is mostly done with a fake caller ID[2].
1.1.3Effects of Phishing
There are various effects of phishing which include –
Identity theft
E–commerce fraud
Monetary loss to the original institutions
Loss of Public Trust [3].
1.1.4Characterstics of Phishing Attack
Uninvited requests for sensitive information In a phishing attack, the attacker asks victim to provide
his personal information. Although that information is not needed at that point of time by
Get more content on HelpWriting.net
8. Scams, Cons, And Identity Theft Essay
Scams, Cons, and Identity Theft
As much as privacy is a wanted and needed ideal, it is also necessary for privacy to be looked after
otherwise someone's personal information will be exploited. When training for certification, IT
workers must be able to remove viruses as well as protect information as privacy agreements
ensure. An IT specialist or a repair man must keep the privacy of a client, because if we did not it
would be a little counter productive, or possibly hypocritical. Scams, cons and identity theft are a
prevalent issue both locally and abroad. Be wary, as they can come from anywhere and are quite
interesting to deal with both as a computer repair specialist and normal citizen.
Scams are, at their core, an illegal project, however a lot of times are unpunished because they are
unable to be sourced. Cons are a little more blurred because their root is only slightly honest, yet
they are not always illegal. Scams are at their definition a matter of someone telling another person
to give them money to buy a product that either does not work or does not exist; this spawned the
bait and switch tactic used in advertising, which has been banned. Cons are a little more simplistic,
being that their defined by deception. As cons are defined as deception, they are normally associated
with con men, people who make money by tricking others.
Identifying scams and cons are as easy as common sense. The first thing people want to look for is
loaded words, normally this is a
Get more content on HelpWriting.net
9. Work At Home Scams Essay
Work At Home and Home Based Business Scams and How to Avoid Them Home
–based business
and work–at–home opportunity scams rank very high on the list of the top types of Internet fraud. In
this presssing issue, I'll concentrate on the Top home–based business/work–at–home scams. We'll
give you the straight goods on envelope stuffing, mystery shopping, and other common home–based
business "opportunities" you may have seen floating around the Net. Then, I'll give you some
important tips you can use to kick the tires of any online job offers or business opportunities you
find so you can protect yourself from those that are scams. Home–Based and Work–At–Home
Business Scams There are two basic types of scams involved here. Scammers using both types are
aiming at folks who want to generate income from home, either by: 1. Having you work from home,
doing envelope stuffing, craft assembly, or other tasks where you are (supposedly) paid by a
company as an employee. There are some legitimate telecommuting jobs certainly, but
work–from–home jobs are just big scams often. Before we go any further, a sobering quote: "There
are extremely few legitimate [work–at–home job] opportunities available," says Beverley Williams,
Founder and President of the American Association of Home–Based Businesses. 2. "Helping" you
start your own home–based business, as a mystery shopper, network marketer, or other businesses
where the only money anyone sees is the money the scammer pockets.
Get more content on HelpWriting.net
10. Essay On Attorney Scams
The US legal system is only as good as the judges, lawyers and courtroom staff who administer the
process. For the most part, attorneys operate to the best of their ability with their client's best
interest at heart. Unfortunately, there is a small group of individuals who believe they can
operate above the law for their own personal benefit. These are the purveyors of attorney scams.
What is an Attorney Scam The US has a culture where money is a big motivator. It drives people
to accomplish things they may not otherwise be able to accomplish. It also creates predatory
behavior from individuals who seek to take advantage of vulnerable people, particularly the elderly,
poor and uneducated. Regardless of the type of legal case at hand, some...show more content...
Confusion – If your lawyer uses a lot of legal jargon despite your requests to express things in
laymen terms, they might be trying to confuse or manipulate you. Acting Against Your Will– If your
lawyer is persistently trying to get you to settle a case or sign documents without proper disclosure,
they might be trying to earn a fast buck and avoid trial. False Hope – Prior to a civil or criminal
case, your attorney might have an inkling about possible outcomes, but will never be able to predict
the outcome with absolute certainty. Do not act on guarantees. Unlicensed Attorney– At the state
level, attorneys are required to pass the bar exam and maintain a license in good standing. If your
attorney cannot or is unwilling to display his credentials, you might be subject to poor representation
from an unlicensed individual. When you encounter a legal situation, you might only get one chance
for justice. It's unfortunate that unscrupulous would want to interfere with that process, but it's
incumbent on you to understand your rights and be willing to report any suspicions behavior on the
part of an
Get more content on HelpWriting.net
11. Scams Associated With Cybercrime
Introduction Cybercrime has experienced significant progress during recent years, as its advance
is directly proportional with the advance of technology. In spite of the fact that the authorities
devise new and better strategies to fight cybercrime, the fact that the number of people online is
constantly increasing means that cybercrimes occur even more frequently. Dishonest people who
seek opportunities have discovered how the internet stands as a perfect environment for them to
commit crimes by taking as little risks as possible. Computer fraud generates a series of benefits
for the person committing it, as he or she can either profit financially from the enterprise or can
simply alter files in order for his or her image to be positively affected. Identity theft is a major
form of cybercrime and it is essential for society to acknowledge the gravity of the matter in order
to be able to effectively fight against criminals using it. What types of scams are associated with the
cybercrime? While identity theft was present in society previous to the appearance of the internet,
this medium has provided thieves with an intriguing method to steal identities from people without
even having to leave their house. "Today, more and more people engage in online financial activities
such as shopping, banking, investing, and bill paying." (Understanding Identity Theft) While this
reflects positively on people's lives by saving them significant time, it also exposes them to a world
of
Get more content on HelpWriting.net
12. E Mail And Web Site Scams
This paper is going to discuss a real–life example of an E–Mail and Web Site Scam. Identifying the
elements of the offense of E–Mail and Web Site Scams and how the suspect met the elements of the
offenses. The appropriate state statutes that are applied, the hardware or software components that
were used in committing the crime. What protocols would be used for collecting evidence to prove
E–Mail and Web Site Scams. Examples of evidence that would be collected and examples of how
they would be packaged, transported, and documented. Explain how forensic examination of the
evidence is carried out and what information should be provided to the forensic examiner to assist in
his or her analysis. Explain an exception to the Fourth Amendment search warrant requirement that
was or may be applicable to E–Mail and Web Site Scams case. Explain how the suspect committed
the crime. Explain what their trick or gimmick was when committing this crime. Offer a realistic
sentencing recommendation for an offender that commits this type of crime.
E–Mail and Web Site Scams
What is the harm of E–mail and website scams? What damage can they really do? A lot of people
may not know but e–mail and web site scams are up and occurring more frequently due to the fact
that most of us spend more time shopping and going online then you realize. And that e–mail and
web site scams are illegal and cause more damage to the victim then realized. Yet this crime is
harder to catch the suspect but there are ways
Get more content on HelpWriting.net
13. Online Fraud, E–Crime, and Internet Scams
In the mid–1980's, computer–related crimes appeared in the United States. Computer–related crimes
have now spawned into Internet crimes, and have raised issues regarding Internet security.
Essentially, the Internet has become a playground for criminal mischief. Basically, 21st–century
technology and Internet accessibility are providing arenas for criminals to use old–fashioned
techniques to take advantage of consumers. Recently, Internet crime rates have skyrocketed. The
FTC reported that in the last two years, Internet–related–shopping complaints have risen from being
10% of all consumer complaints to 30% of consumer complaints. Last year, 75% of online merchants
were concerned...show more content...
The loss of customer goodwill will be in the form of less site traffic. The merchants who are victims
of online fraud or e–crime feel their sites will lose traffic because customers who hear of the crime
may become worried about the security of the attacked sites.
The Top Ten "Dot Cons"
There are ten "dot cons" that are prevalent on the Net today. Auction fraud is the most common
type of online scam. Because the popularity of online auction sites has exploded, they are
particularly susceptible to fraud. In 1997, there were 100 reported cases of online auction fraud. In
1999, there were 10,000. The average victim of online auction fraud loses about $300 U.S. dollars.
The most common type of auction fraud happens when a bidder pays for an item, but never receives
the item.
The No. 2 con is Internet service provider scams. In this scam, a company will sign customers up for
Internet access and then put phony charges on the customers monthly phone bill. Usually, these
scam artists make it nearly impossible to cancel future monthly charges and receive refunds.
The No. 3 con is Web site design scams. This type of scam is similar to the ISP scam. It is based
on fraudulent billing. Scam artists will call businesses and offer free web pages. When the business
agrees to sign up, the scam artists start to charge exorbitant fees.
The No. 4 con is Net porn credit card fraud. Basically, an adult site
Get more content on HelpWriting.net
14. Scams and Fraud in Stock Market
INDEX SR NO.| CONTENTS| Pg No| 1.| What is stock market?| 1| 2.| What is fraud?| 3| 3.|
Definition of fraud | 4| 4.| Fraud law & legal definition| 5| 5.| Definition of scam| 7| 6.| When
stock fraud occurs| 8| 7.| Financial statement fraud| 10| 8. | Features of security scam| 12| 9.| How to
spot stock scams| 13| 10.| Avoidingstock market fraud & scams| 14| 11.| Indicators for scams|
15| 12. | Top 10 stock market scams| 16| 13.| Top 10 scamster of India| 20| 14.| Conclusion| 33|...show
more content...
Fraud Law & Legal Definition Fraud is generally defined in the law as an intentional
misrepresentation of material existing fact made by one person to another with knowledge of its
falsity and for the purpose of inducing the other person to act, and upon which the other person relies
with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to
state material facts, which nondisclosure makes other statements misleading. To constitute fraud, a
misrepresentation or omission must also relate to an 'existing fact', not a promise to do something in
the future, unless the person who made the promise did so without any present intent to perform it
or with a positive intent not to perform it. Promises to do something in the future or a mere
expression of opinion cannot be the basis of a claim of fraud unless the person stating the opinion
has exclusive or superior knowledge of existing facts which are inconsistent with such opinion. The
false statement or omission must be material, meaning that it was significant to the decision to be
made. Sometimes, it must be shown that the plaintiff's reliance was justifiable, and that upon
reasonable inquiry would not have discovered the truth of the matter. For injury or damage to be the
result of fraud, it must be shown that, except for the fraud, the injury or
Get more content on HelpWriting.net
15. Scams As A Victimless Crime
Scams can destroy any human life and destroy them emotionally, physically and financially. Fraud
was labeled as a victimless crime. Years ago fraud was labeled as a victimless crime. Victims
were usually considered to be dupes who allowed themselves to be fleeced by smarter people,
dubbed con artists. People even more advanced that are criminals can be called a homicidal artist.
People that are attached to murders, armed robber, etc. Another type of fraud is when criminals
propose or inflate returns which they either know they can't keep or just ignore, this is otherwise
known as the Ponzi scheme. If the person has had a financial loss and wants to make quick and
easy money, also if they are greedy, they can use the Ponzi scheme. A ponzi
Get more content on HelpWriting.net
16. Scammers Scams
Scammers are calling consumers and falsely identifying themselves as Bank of America employees.
In this scam, they explain that there are "irregularities" with their account and need to confirm their
account information. They will then proceed to ask the consumer for their account information and
other personal info that will help them gain access to the consumer's account. If the consumer
responds with skepticism, the scammer may then try to scare or intimidate the consumer into giving
up the information they
Get more content on HelpWriting.net
17. Elderly Scams
Among the most reprehensible forms of crime, in the minds of many, are the scam operations that
are committed against the elderly on a daily basis. Particularly targeting those that criminals suspect
may have accumulated wealth over the years, scams against the elderly show no signs of abating in
any sense.
Covered below are the top four elderly–targeted scams that family and concerned friends need to be
looking out for in behalf of their elderly loved ones.
1– IRS Scams
Easily one of the most dominant scams that target seniors, this fraud records almost 300,000 filed
complaints since 2013. Pretending to be IRS agents, scammers threaten seniors with arrest, lawsuits,
having their driver's license suspended and worse because of some bogus...show more content...
In particular, many associated medical supply and medical equipment providers have a virtual open
field available to bill Medicare recipients with unordered or exorbitantly priced items. If and when
suppliers are later reported and questioned by authorities, the common response is, "It was a billing
error."
– Health Care Agencies
While thankfully there are many fine, reputable, professional health care agencies, such as Salus
Homecare and others, improper billing for unprovided services is something that needs constant
attention.
– Other areas of scam operations consist of criminals who call the elderly pretending to be a health
care agency in need of personal information such as social security numbers, driver license number
or other pieces of information. Turning around, they will later bill Medicare for non–existing
services that were never rendered.
– Online Pharmacy Order Scam
In an attempt to get less expensive drugs, sometimes without a prescription, some elderly people turn
to disreputable online pharmacy ordering. Many such drugs are obtained without prescriptions and
may in fact be of a tainted, less quality grade; moreover, a patient's health is many times put at risk.
3– Financial
Get more content on HelpWriting.net
18. Email Scam Essay
It could be said that Phishing and Email scams are something that every Internet user has to face at
some point, probably almost on a daily basis. Over the last several years phishing and email scams
have increased tremendously, promising to enrich the recipient with just a couple clicks and some
personal information. Phishing always spikes with holiday shopping, celebrity scandals, weather
disasters and big sporting events (Bond, 2011). Phishing scams generally use fear and expectations.
It is almost unimaginable that there might be an Internet user with an email address that hasn't
received an email promising large sums of money from a Nigerian Prince. As mentioned in other
sections of this project, the goal is have consumers enticed into revealing their personal
identification and financial information on fraudulent websites, also known as spoofed websites
(Brody, Mulig, Kimball, 2007). As time has gone on since these scams began appearing on the
Internet, the scammers have become more sophisticated. Emails appear more legitimate, appearing
to be from sources like the users bank, from the IRS and many other financial entities. In this
section we are going to discuss the various ways to discover these scams and what steps should be
taken to prevent falling victim to these scams.
In today's world, many Internet users visit websites in which require the use of personal data, such
as online banking sites, Paypal accounts, the Internal Revenue Service, Facebook accounts, as
Get more content on HelpWriting.net
19. Controversy Surrounding Internet Fraud
An Internet crime can be a developmental scheme by the perpetrator, using different elements of the
internet, and false representation to deprive a person's property or any interest (Kim et al., 2012).
Although botched representation comes along, with the provision of misleading information or
anonymity of data. In the recent years, there has been an increasing trust of consumers and
businesses in the carrying out of particular actions. The amplifying usage comes along with the
electronic communication during the act of major business rules. The increasingly rising internet
crimes have come along with the global advancement that incorporates internet based conduct of
business (Anderson et al., 2013). In the digital era the crime perpetrators, have absorbed the idea of
shifting with times leading to the high number of the crimes. The reason that we cannot distinguish
between the self additionally the risk trader comes in with internet crime given that a face–to–face
communication and monitoring barrier. With that respect, the associated internetfraud has greatly
affected by the general allowance, trust, and the usage. The paper will center on the effects attached
to social cost, trust, and usage associated with internet fraud.
The society has...show more content...
The negative impact come from the perspective of financial losses. With that respect, there has
arisen challenges about the usage of transaction that deals with indirect contact, for example,
romance fraud and the investment fraud. Romance fraud arises where the relationship is through
diverse social media platforms. Take an instance of a 58–year–old UK man who committed suicide
by lying on a train tracks after losing $ 82,000 in an online romance fraud. The two times divorced
man had deceived into paying for many medical bills for a woman he believed he had come to
recognize over the internet (Anderson et al.,
Get more content on HelpWriting.net
20. Spear Phishing Scams Essay
Phishing scams are attacks by social engineers who pretend to be from a legitimate business or
organization and use fear tactics to get the recipient to divulge sensitive information. Attackers use a
variety of tactics to trick the recipient to believe these emails are legitimate most commonly by
spoofing a website that appears to be genuine. Two types of phishing attacks are spear phishing and
whaling. Spear phishing is where the attacker takes extreme measures to gather specific information
about an individual in order to make the attacks seem more legitimate. Whaling is generally spear
phishing targeted directly at high profile individuals. These attacks can be minimized by securely
discarding information that could be used in such attacks.
Get more content on HelpWriting.net