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Victims of Internet Frauds Increasing

The IC3, Internet Crime Complaint Centre, informs that because of lack of proper background checks, the Internet users are falling prey to online fraud in 2008, making them loose as much money as a small car. The IC3 also claims that there is a 20% increase in the Internet fraud compared to 2007, with almost 37.5% of complaints coming from online auction fraud.

A Staff Security Researcher at Juniper Networks in the US, Barnaby Jack said that an online auction fraud has remained the most sought after fraud. He added that due to lack of knowledge about spammers' new tricking methods and proper education, a user becomes more vulnerable to the attacks, as reported by Scoop on June 10, 2008.

IC3 said that the most common type of Internet fraud includes online auction Websites like eBay or TradeMe. The site is a spoofed site where the user sends money to buy the product but the product never reaches. It is designed just for the conducting internet scams.

Likewise, phishing is also another scam. In this, the user gets a mail appearing to have come from an authentic company, govt. institute and bank.

Further, the hackers demands private details of user by giving some lame excuses like they require the users' data as they have lost it due to a system problem, their account is going to shut down or an order has been put in the user's name. Hence, the scammers get the user's login information and they can access it for clearing bank accounts or other malicious programs.

Also, these kinds of mails come purportedly from even the FBI or IC3. In the beginning of 2nd week of June 2008, FBI cautions the UK consumers about spam mails regarding refund details. This was a new scam in which the mails promised several dollars refund which would be sent through bank wire transfer from 'Bank of England'. Further, the mails also has an alert that says that if the users fail to sign the order, it will lead to a penalty and funds can be kept on hold.

Related article: Victims of Phishing Attacks Increase Sharply

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