Internet Fraud Essay

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11/10/2008 Internet Fraud What You Should Know Internet Fraud Internet Fraud Internet Fraud What You Should Know The following information is a compilation of information and resources I found throughout my research that will give you a better understanding of what Internet Fraud is, types of Internet fraud and their statistics, examples of Internet fraud and news of what’s going on in the world today concerning Internet fraud, and information regarding steps you can take to protect yourself and how to file a complaint, along with links to other information that can help you learn more about Internet fraud. What Is Internet Fraud? The term "Internet fraud" refers generally to any type of fraud scheme that uses one or more components of the Internet ‐ such as chat rooms, e‐mail, message boards, or Web sites ‐ to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to other connected with the scheme. Major Types of Internet Fraud While researching the different types of Internet fraud, I found that the list of types is enormous. Covering them all would make this research paper entirely too long. For this reason, I decided to cover five of the major types of Internet fraud. The ones I chose are as follows. 1 Internet Fraud Online Auction and Retail Schemes According to the Federal Trade Commission and Internet Fraud Watch, fraudulent schemes appearing on online auction sites are the most frequently reported form of Internet fraud. These schemes, and similar schemes for online retail goods, typically purport to offer high‐value items ‐ ranging from Cartier® watches to computers to collectibles

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