Internet fraud in the United States of America

Internet Fraud

Internet fraud in the United States of America and all over the globe have defraud a lot of people every single time by use of the internet to persuade victims to send money or even to  give out their personal information. There are several types of internet fraud and they include; (Ståhlberg & Mika, 2015).

Read also Reducing Risk of Fraud, Errors and Misstatements in Business through Implementing of Proper Internal Controls

Internet auction fraud

This is a type of fraud where a commodity may be misrepresented or advertised for sale in the internet auction locate or even merchandise failing to be delivered.

Investment fraud

This is an offer where false claims are used to solicit loans or investments, or provide for the purchase, use, or trading of counterfeit or forged securities.

Credit card fraud

This occurs through illegal use of a credit card, or debit card and where scammers fraudulently obtain property or even cash.

Nigerian letter or “419” fraud

This has been named after the Nigerian Criminal Code violation for Section 419, and focus on the impersonation fraud threat with the varying advanced scheme fee where letters, fax and emails are send to the victims.

Business E-mail Compromise (BEC)

This is a sophisticated scam which targets businesses which works with foreign companies and suppliers and which mostly perform the wire payment transfers. This type of scams are carried out by compromising legitimate business e-mail accounts through the computer intrusion or social engineering techniques in order to undertake and unauthorized funds transfer.

Data Breach

This occurs when there is a spill or leak of data and which is released from its secure location to an environment which cannot be trusted. This can occur at corporate or personal levels and it involves protected, sensitive, and confidential data which is copied, transmitted, viewed, stolen, or used by a person who has no permission to do so.


These terms deal with faked or forged electronic documents. Spoofing involves email dissemination and which is forged to look as if it has been forged making it look like as if it has been sent by another individual other than the actual source. Phishing also known as smishing, vishing, or pharming has also been used in conjunction with spoofed email.

Tips to Avoid Internet Fraud

There exists a measure which must be adhered to before entering in to any internet transaction. One must ensure that he or she knows his or her seller and in case a person does not know who to buy from online, a thorough research is recommended. Protecting personal information; one should not give his or her confidential information in response to a pop-up, email, or a website which one is linked to and from web page or an email.

While the internet makes a lot of everyday more fast and efficiently, like; shopping, communicating on the ego and banking, it is always good for a person to be safe, responsible and secure while online. One may protect his or her computer and the contained confidential data from misuse, theft, or destruction with some basic precautions. One should learn how to recognize scammers and how to avoid them. One must also defend himself or herself against hackers, scammers and identity thieves by protecting the computer information while online. Criminal activities which involve fraud perpetration through use of the internet or computer are similar to the long established crimes like; theft, trespass, vandalism, harassment and child porn. The federal and state authorities can pursue people committing such crimes and they can face jail terms or even heavy fines (Mundra, Ankit & Nitin, 2014).

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