Semalt: Online Frauds Explained
Internet fraud is today's one of the most mounting losses of money online. The rate of fleecing online due to scams is at an alarming rate. The United States recorded losses reaching over $525 million, an average of $1,813 per victim according to National White Collar Crime Center. Internet fraud in the United States accounted for about 90 percent of the total online fraud in the world. It is a threat that requires attention very urgently.
Police departments working on cybercrime in around the world invest on mechanisms to combat the internet fraud, and it is advisable for victims to report either monetary or any other kind of fraud happening online. However, internet users can remain vigilant by reading articles on internet fraud such as Security Watch blog among other materials. There are several reporting options concerning internet fraud as well with the Federal Trade Commission (FTC) as one of the most trusted organizations for the job.
The steps followed to report internet fraud are available online, but first here are some common ways, from the leading expert of Semalt, Jason Adler, used by the fraudsters online.
There exist many advertisements online that lure people to join groups. Business scams developed for internet frauds claim large sums of money by participating and doing small jobs online but requires signing and sending money for membership, training, fees or acquisition on an item. In the end, it turns up to be a nightmare. Be careful.
In 2004, identity theft was recorded to the top consumer complaint in the United States. The dangers of this internet fraud are so severe that it can lead to the total loss of all money in the victims' bank account. In this case, the fraudsters disguise their identity to access the victims' credit accounts. Victims should notify their banks, the credit bureau or report to the police immediately.
Web Database Scam
Personal information such as driving license and passport used by hospitals, banks, and government organizations may frequently be accessed by fraudsters and made public on the internet. The information reaches online scammers for abuse and cherry pick. Internet frauds that involve database hacking should be notified to search engines such as Google, Yahoo, and Bing for removal.
Internet fraud may be in the form of an email asking for monetary help. The fraudsters hack the email account of the victim's friend and ask for financial assistance via the Western Union. There are several tips in PCMag to avoid this form of internet fraud.
Internet fraud can come in the form of fantasy. Also known as catfishing, romance scam involves a person claiming to be in love with the victim. The fraudster lures the victim to send them money for travel or medical expenses. Don't send gifts to people you do not know.
Consumer Transactions with Foreign Companies
The International Consumer Protection and Enforcement Network has a system that looks into internet fraud that involves payment of online providers that do not deliver products. In case the online order does not reach the buyer, one needs to report the incident for assistance.
Internet Investment Fraud
Spam can result to a scam. Consult the Securities and Exchange Commission in when you fall a victim of a spam turned scam.