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Internet fraud topics
A summary about internet fraud
Impacts of identity theft
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In today’s world, we are all in some way connected to or involved with the Internet, it is really hard not to be. We all use different services that we feel either augment our daily lives or make them more pleasurable every day. We all take a sort of deceitful comfort in the basic inconspicuousness of the Internet. When we think about it, could it end up being the single biggest risk to our own safety? Most people don’t take the threat of cybercrimes as seriously because unfortunately they don’t realize just how life altering these threats are, until it’s too late. There are many types of cybercrime being committed daily that everybody needs to protect themselves from such as identity theft and fraud. The Internet plays the biggest role in identity theft. On the Internet, a thief can hide from detection while stealing peoples’ identities from their homes, being able to steal peoples’ information one by one “then disappearing into another identity,” (Vacca 60). Internet fraud consists of two phases. The first being spoofing where a fake site is set up made to look like the real thing. Once that is completed the second phase, phishing, begins. This usually starts with an email that uses the …show more content…
It is often disguised to look identical to the original keypad. Overlays allow thieves to capture your PIN number as you enter it, while still allowing the original keypad to receive the PIN number as well. By itself, an ATM overlay is not a tremendous source of identity theft. However, when combined with a mechanism that obtains your card information – such as a skimmer, loop, camera, or other device located at the ATM – a skimmer now allows the identity thief to have access to your bank account, including both your PIN and your debit or credit card number. As a component of ATM theft, ATM Overlay theft contributes to the estimated $1 billion in annual losses banks experience from ATM skimming
Identity theft is a term used for describing criminal that uses individual’s identity without consent. A common crime of identity theft would be identity fraud. Many of the crimes are regularly connected with money-related issues (Reyns, 2013). With technology being commonly used nowadays we are getting more dependent on it for business, financial, medical, and other forms. As a result this became a target for identity thieves as well. The Internet provides us information and accessibility, but information being stored on the Internet eas...
According to the FBI statistics, Identity Theft is the fastest growing crime in the U.S.’s (Tribune Business News, 2003). Identity theft thieves have perfected the art of collecting information of unsuspecting victims and now all the law enforcement agencies, as well as affected companies, are working hard to find ways to combat these issues.
The primary use of stolen identities is for credit card fraud which can occur by an offender placing charges on a victim’s existing cards or by opening new accounts in his or her name. A common activity for these fraudsters is to change the billin...
Consequently, many people believe identity theft will never happen to them. If someone is not aware of how serious identity theft can be, they can make mistakes that make them vulnerable to identity theft. There are, however, three very important ways to prevent identity theft from occurring. By keeping financial papers secure, keeping track of who you’re giving your personal and financial information, and protect online information as well.
Today Identity Theft is the fastest growing crime in the United States. The Federal Trade Commission, identity theft victim complaint database currently contains more than three hundred thousand complaints. American consumers reported losing over one billion dollars to fraud overall in 2014, according to the Federal Trader Commissions annual report on consumer complaints released earlier this year, with the average cost ranging between five hundred dollars to two thousand dollars per victim (Federal Trade Commission, 2014). According to the 2011 Identity Fraud Survey Report, approximately eight million adults in the United States were victims of identity theft with the total cost of thirty seven billion dollars (Britz, 2013). The Federal Trade commission strongly urges people to take action in protecting themselves from Identity Theft because everyone is at risk of this rapidly growing crime no matter your age, race, gender or current financial situation. Identity Theft when a illegitimate person gains access to your personal information, such as your Social Security number, credit card account information, your mother's maiden name, your driver's license number, and other important information to impersonate someone. When the criminal has gained the information they need, they have the ability opens credit accounts, cellphone accounts, and other types of credit based accounts in your name. In addition once a person’s information is stolen the criminal then has the ability to access current accounts that is possessed, leading to even further damage to personal finance and credit.
Ah, the Internet; quite possibly the greatest invention of our time. The list of benefits society now enjoys because of this miraculous invention is endless. If given the choice, would any of us willingly return to those pre-Internet days when “checking my mail” required walking to the mailbox and “surfing” required waves and a surfboard? Unfortunately, because it is available to everyone – both good and bad, criminals have found a way to exploit the beneficial aspects of the Internet.
The technology we take for granted every day is susceptible to even the most primitive forms of credit card skimming. One of the first methods developed to retrieve credit card information unknowingly from victims is referred to as ATM skimming. This method involves installing a face plate that looks identical to the legitimate ATM cover plate that stores a mechanism that will read and store debit card information. A pin number is then observed by either a camera hidden in the faceplate, or a person looking at transactions made by customers from afar. The combination of this information will allow fraudulent withdrawals.
Sullivan, C. (2009). Is identity theft really theft? International Review of Law, Computers & Technology, 23(1/2), 77-87. doi:10.1080/13600860902742596
Stalking is the repeated, intentional, harassing or threatening behavior directed at a specific person which in turn causes fear in that specific person. Cyberstalking is striking the same fear and emotional distress as stalking but done through an electronic device. Both stalking and cyberstalking is most often committed by someone the victim is familiar with. Women are more likely to be stalked then men and online harassment or cyberstalking causes fear which leads the victim to engage in self-protective measures. Some cyberstalked victims have taken time off work, quit their jobs, and dropped out of school or avoided friends and family (Meredith, 2013).
In today’s society technology is used for everything. With the invention of computers and the internet this open doors to the cyber world. Today you can do almost anything without having to leave your home. The internet gives us the opportunity of shopping online, ordering food online, working from home and video chatting with friends and family across the world. Everyone has a computer and internet access in their homes. While the internet is really convenient it also opens doors for cybercrimes, loss of privacy and the need for computer security.
The 90's internet boom gave rise to new ways of writing in through access to cyberspace. What used to be printed or handwritten on physical surfaces such as paper, cardboard, or bulletin boards has changed to 0's and 1's, bits and bytes of digitized information that can be displayed thru the projections of computer screens. Moreover, the internet has made the process of publishing one's works, writing letters, or chatting with one another much easier and convenient for everyone around the globe. The internet became a universal tool, giving much freedom and flexibility to the users; it gave them opportunity to deliver their thoughts with little or no restrictions. Since it's impossible to regulate all cyber-activities, internet users are often unrestricted by the normal laws or authorities that would set boundaries around the various online transactions. More importantly, the fact that a net user can take on different identities in cyberspace brings about several ethical and social issues. These anonymous and unrestrictive characteristics of cyberspace often permite abusive users to easily involve themselves in serious cybercrimes such as cyberstalking, cyber-rape, and cyber-harassment through chatting services, emails, cyber communities, and other online communication.
Today, with all the technology we have, it has become fairly easy for thieves to steal someone’s identity. One of the easiest ways for someone to steal your personal information is just by simply looking over a person’s shoulder as they insert personal information into a computer or an ATM machine. This process is known as shoulder surfing. According to ...
Every day, citizens are constantly losing money and being victimized due to these fraudulent activities. Cyber crime, including fraud, identity theft, stalking, and hacking, is a growing problem that can be prevented by taking the proper precautions. The biggest cases of cyber crimes are cases of fraud. Online fraud comes in many forms. It ranges from viruses that attack computers with the goal of retrieving personal information, to email schemes that lure victims into wiring money to fraudulent sources” (What is “online fraud”).
Cybercrime and social media are two major global problems that impact society. Today, are more accessible to computers and the Internet than in years prior. Nonetheless, perpetrators attack social media with illegal activity to facilitate their crime. There are different strategies or practices by various countries to combat cybercrime. However, identity theft, cyberbullying and phishing are three major type of cybercrimes which are impacting social networking websites.
Cybercrime is a global issue plaguing the world. The dictionary defines cybercrime as “crime conducted via the Internet or some other computer network”(Merriam-Webster). The definition remains very broad because the word “cyber” is defined as “relating to the culture of computers, information technology, and virtual reality.” Due to the growing number of people gaining access to the internet, rapid development of technology, and the globalization of the world, more of the world population is becoming susceptible to involvement in cybercrime – whether it be as a victim or a criminal. Cybercrime involves different levels of the world on both the victim and criminal side from an individual citizen, to small groups, businesses, and the government, to the countries of the world. There are different groups from law enforcement agencies to the U.S. Secret Service, that are attempting to combat the problem through cooperation and preemptive efforts. If these groups combined with the public to protect themselves and the country from criminals that commit cybercrime, the nation’s network and technology servers would be much safer for technology users. Clearly, cybercrime is a problem because it puts internet users at risk of being taken advantage of or harmed.