Internet Auction Fraud Essay

779 Words2 Pages
bulb-icon

Recommended: The internet and crime

Internet auction fraud is the most dangerous online crime but receives no attention from people. It does cause the victims to suffer losses but most of them fail to report the crime to the authorities. The internet auction fraud is a serious crime when it was reported to be the number one online scam by the U.S Federal Trade Commission in 1997. In 2001, 70% of fraud cases were reported to Internet Fraud Watch. When people do not know the danger of its existence, no precautions to avoid it are taken. Some of the concerned victims reported the fraud to the auction house. But it was shocking that even the auction house themselves do not realize the bad impacts of this crime. Mostly, it was because of the reliance of the auction house on the auction participants to take their own precautions even though they had no knowledge about the auction fraud. Most of the victims decided to stay silent and not reporting the crime to the authority because of some reasons.
The first reason for the victims to stay silent was they did not know how and who to report …show more content…

It could be said that most of the victims had good educational backgrounds with good jobs and satisfying wages.Even great people that had good life being deceived.It showed that this kind of crime did not choose its victims.Once you are being careless,then you will be the target of these cunning online criminals..According to ‘Internet Auction Participation’ survey,52.9% of the victims were the first timers. With the increasing fraud cases, there were still many people took part in the internet auctions. Even though there were many internet auction fraud cases being reported,many other ‘clean’ auctions were being implemented

Show More
Related

  • Analysis Of The R. V. Boghossian Case

    919 Words  | 2 Pages

    Fraud is one of Canada's most severe acts of financial criminality as the economic impact of this crime could potentially handicap an entire society. According to the Canadian Anti-Fraud Centre Annual Statistic Report (CAFC), a report established to monitor fraud with the aid of the Royal Canadian Mounted Police (RCMP), and Competition Bureau of Canada, it reported an annual loss of 74 million dollars affecting over 14,472 victims (Canadian Anti-Fraud Centre, 2014). Given this alarming statistic, it is worrisome that we as a society still ignore or turn a blind eye towards those who commit fraud as seen in the low conviction (Canada Revenue Agency, 2014), and focus our efforts on petty thefts as seen with the high rate of convictions

    Read More

  • The Impact of Online Identity Theft on Consumers and Organizations

    1341 Words  | 3 Pages

    The Impact of Online Identity Theft on Consumers and Organizations Internet fraud has become a major issue due to the ever increasing population of internet users, because the internet is such an easy solution to fast sufficient services readily available for busy lives that’s is why most of us are now dependant on the internet in some shape or form and each time we use the internet we input data that are related to use from our name, address and even bank details with the assurance that the site is safe and trustworthy, but this is not always the case because the security system implemented like all things in this world has weaknesses.

    Read More

  • Cybercrime And Identity Theft Essay

    1711 Words  | 4 Pages

    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.

    Read More

  • Crime And White Collar Crimes

    1686 Words  | 4 Pages

    Crime comes in different ways, shapes, and forms. From corruption to murder, the seriousness and blameworthiness varies from crime to crime. The most common factor of all crime is that it is illegal. The problem with prosecution is that some crimes can find loopholes around the rigidity of the laws created. This is the hardest for white collar crimes. With so many types of white collar crimes, it is hard to understand where it belongs on the scale on seriousness and blameworthiness and how to prosecute. With white collar crimes, they are most commonly seen as “victimless” or “paper” crimes, since they do not involve physical harm to the people included. With so many types available to analyze, the purpose of this paper is to focus on bribery, perjury, and fraud. When it comes to white collar crimes, or any crime for that matter, we do not only need to focus on what causes it and society’s reaction to it. We need to look into prevention of it and being able to stop it before it even starts.

    Read More

  • Cyber Wars Is There Too Much Of It In The Air Analysis

    582 Words  | 2 Pages

    That way the criminal identity would be secured. Moreover, the author states that the industry of cybercrime has grown as much as the weapon and drug trafficking industry. Cybercriminals are making a great deal of money by offering their services. According to the article, some of the services offered by these kind criminals are sending unsolicited messages, writing malware and hosting for other criminals who need Web presence. These services are available for anyone willing to pay for them. Filshtinskiy further states that arresting cybercriminals is a difficult process. It requires a lot of time and resources. Also, some security companies say that many government agencies are involved in cybercrime. Laws reducing freedom of information on the internet has been passed by political leaders. However, most of these attacks are not performed by government agencies, but by criminal enterprises. Finally the author explains that one way to oppose these crimes is by removing their ability to offer and delivery

    Read More

  • The Growing Problem of Computer Crime

    2353 Words  | 5 Pages

    White-collar crime, specifically computer crime, is becoming more popular as computers become more readily available. Crimes using computers and crimes against computers are usually committed without fear of being caught, due to the detachment of the offender from the victim.

    Read More

  • Cause And Effect On Social Media

    1311 Words  | 3 Pages

    children likewise risk coincidentally unveiling their very own records because on maximum events; they typically push aside to peruse intentionally web sites ' protection preparations. At whatever point children forget to peruse the arrangements and disclaimers, they may be offered to dangers of getting their personal information unveiled. that is especially a real depend in light the growing times of virtual violations, for instance, wholesale fraud. New studies discover that casual groups can impact people to burn thru coins via going for walks promotions on the patron 's web page. Such types of close subliminal selling can intuitively bring about a person to buy sure inventory.

    Read More

  • Cyber Crime and Businesses

    1362 Words  | 3 Pages

    Every day millions in some cases billions of dollars are made by businesses from income brought in by online sale of products and services. As businesses continually develop and expand their client base with online products and services so does the desire by criminals to exploit vulnerabilities in their e-commerce setup. The mass worldwide internet usage growth within the last 20 years has been “an approximate 16 million users in 1995 to an estimated 2,937 million in March of 2014” As the importance of e-commerce increases so does the need to protect the technological infrastructure that will carry out online transactions for each business regardless of its size. I will attempt to highlight and review the history of a few cyber crimes to show the progression of the crimes within the last 30-40 years. I also plan to review how the economy and consumers are impacted by cyber crimes. Finally I will make an effort to contribute with information gathering on how to lower the risk of a cyber attack from and individual user to a large scale business.

    Read More

  • CyberCrime: Preventing the Horrific Crimes on the Internet

    1424 Words  | 3 Pages

    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”).

    Read More

  • White-Collar Crime in South Africa

    1119 Words  | 3 Pages

    It is not easy to detect fraud, and criminals have been getting away with it for decades. With the birth of the internet, it has become even easier to scam people, communicate with other criminals all over the world, and hide your profits. It wasn’t until 2008 that South Africa created their Financial Intelligence Centre to help combat white-collar crimes. Most financial crime in South Africa is international, so the FIC collaborates with global organizations like the Fin...

    Read More

  • The Internet and Cybercrime

    1789 Words  | 4 Pages

    The Internet is a connection of computers across the world through a network. Its origin dates back to the 1960s when the U.S Military used it for research, but it became more available to the public from the late 1980s. The World Wide Web was created in 1989 and browsers began appearing in the early 1990s. Over the last 24 years, the Internet has enabled people to shop, play, do research, communicate and conduct business online. It has also become cheaper and faster in performing different tasks. As much as the Internet has done immeasurable good to society, it has also dominated people’s lives and brought with it an array of cybercrimes. According to Nicholas Carr in his book The Shallows: How the Internet is Changing the Way we Think, Read and Remember (Carr, 2010). He debates on whether the Internet has done more harm than good. People use the Internet daily to exchange accurate information and constantly personal data such as credit cards, passwords and Social Security numbers are travelling through the network from one computer to another. With security measures put in place on the Internet, personal information remains confidential. But unfortunately, criminals have adapted to innovations in technology, and today, more people are increasingly becoming victims of cybercrime. The Internet has had profound effects on the public, both positive and negative. In this paper we will examine how access to personal information has led to an increase in online and offline crimes. The essay will particularly focus on ecommerce and hacking.

    Read More

  • Cyber Crime and Cyber Law

    2731 Words  | 6 Pages

    These types of crimes have become a matter of importance for the consumers as well the business firms because it involves large eviction of the amount in terms of money. In these types of crimes, computer and Internet are the primary factor (Spinello, 2000). A high percentage of population is using computers in the Australia, United States as well as other developed nations. These people are much more connected with the world by the use of internet. They are using the computer for fun, business, e-commerce, e-marketing, etc.; thus, it has become an essential part of life and daily routine (Wall, 2008).

    Read More

  • Introduction to Computer Crime

    2443 Words  | 5 Pages

    ...re are foreign countries that are facing the same situation as Singapore as well. The countries with the highest concentration of cybercrimes are Russia – 85%, China – 77%, and South Africa – 73% (Norton, 1 October 2013). Cybercrimes that occur at other area of the world also follows a similar trend to Singapore where majority of the crimes carried out are scams or frauds. Data has shown that 83% of financial costs come from frauds, theft, repairs and loss, which frauds contributes 38% to these crimes (Norton, 1 October 2013). There are also cases where software is written to steal information from banks stealthily. An example of such case is the “PiceBOT” case which occurred in Latin America, which was a malware that attacked 9 Latin America countries stealing financial and banking information from the users of internet (Americas Society/Council of the Americas).

    Read More

  • CyberCrime

    2979 Words  | 6 Pages

    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.

    Read More

  • Cybercrime Essay

    2700 Words  | 6 Pages

    As the internet has evolved it is now a part of many people’s daily lives and with that, many could not function or conduct their daily business or lives without it. It is impressive that we can now communicate and even see someone all the way across the country with just a few clicks of a mouse. But as technology changes and progresses seemingly for the good, many will always find ways to exploit technology and use it with the intent of committing crime, turning a positive tool into a negative one. As such the negative side of the World Wide Web, cybercrime has evolved as just one of the major disadvantages of the internet. Cybercrime itself is a broad term and can and does include any crime that is committed via the internet or computer network including seemingly minor acts as downloading music, to denial of service attacks, to even acts of cyber-terrorism. With the newly formed threat of cybercrime has also come new ways for law enforcement to attack and prevent it as well but with limited resources not much can be changed but to continue to prevent new methods from approaching the cybercrime world. This is not only just in our own neighborhoods but is at an international scale. This paper generates the insight about the overall rise of cybercrime among our societies. The main focus of this paper is to describe the types of computer crimes and its effects on individuals and businesses.

    Read More

More about Internet Auction Fraud Essay

Open Document