Explore the latest news and trends  

Sign up for our weekly security newsletter

Be the first to receive important updates on security


Nigerian Frauds First Among Decade’s Internet Scams

PandaLabs the anti-malware laboratory of Panda Security recently published one list of Internet scams that occurred most frequently during the current decade, while placing Nigerian scams (419) first on the list in terms of frequency and distribution.

Said PandaLabs that the Nigerian scam, which emerged before any other online scam, was still a highly-favored scheme amongst the present-day cyber-criminals. The company explained that the scam involved an e-mail sent to a person, with the sender stating that he required a huge amount of cash to get out of Nigeria.

The sender then promised the victim a significant remuneration in return for his help. But, once the recipient accepted the lure, another e-mail followed directing him to remit a preliminary fund for submitting bank fees. Typically this amount was $1,000, which once remitted was followed with snapping of all contacts and the disappearance of the money altogether.

Alongside Nigerian 419 scam, a few others also made it to the list. These are "The girlfriend ploy," "Lotteries," "Facebook/Hotmail scam," "Job offers," "The mistake" and "Compensation."

States Panda, these scams most usually work in a similar manner. First, the criminals make an acquaintance with the target user on a website for social networking or via e-mail after which the user is directed for sending a reply through e-mail, fax, phone or any other means. Gradually after acquiring the victim's trust, the criminals approach him with a false reason and plea for money.

Thus for anyone who has been victimized with any of the above mentioned scams, PandaLabs advises that he quickly contact the police.

Technical director Luis Corrons of PandaLabs explains that similar to all the frauds which happened before the Internet-age, numerous people who get trapped into these tricks as also lose precious money act with restraint towards reporting the offense. While, it was previously hard to regain the stolen funds, the same is even more difficult at present, as criminals' tracks frequently vanish in the expansive Web. So says Corrons that the best way for remaining protected is by recognizing these scams while not accepting the lure. EarthTimes published this on September 2, 2010.

Related article: Nigerian Scammers Secure Huge Money from Australian Victims

» SPAMfighter News - 9/9/2010

3 simple steps to update drivers on your Windows PCSlow PC? Optimize your Slow PC with SLOW-PCfighter!Email Cluttered with Spam? Free Spam Filter!

Dear Reader

We are happy to see you are reading our IT Security News.

We do believe, that the foundation for a good work environment starts with fast, secure and high performing computers. If you agree, then you should take a look at our Business Solutions to Spam Filter & Antivirus for even the latest version of Exchange Servers - your colleagues will appreciate it!

Go back to previous page