Spear phishing is the act of sending deceptive emails to individuals, groups, and organizations in an effort to gain access to their private information.
Some of the most common types of scams include the following: There are numerous types of online scams, ranging from the impersonation of others on social media to fake crowdfunding campaigns. Email fraudsters can get a maximum sentence of five years, whereas the owners of misleading or deceptive websites with inappropriate content can get up to 10 years in prison. This legal document prescribes a maximum sentence of 20 years for fraud in relation to computers, access devices, and personal documents. Online scams and internet fraud in general have long been part of the U.S. Globally, online scams have so far cost businesses and individuals more than $100 billion. Similarly, almost 7,000 Australians were victims of online shopping scams in 2017, which has cost them just under $1 million (A$ 1.38 million). According to statistics, internet scams have reached a record high in 2017, with more than 45,000 reported cases in the United States alone. With the subsequent boom in e-commerce, online scammers became craftier and started setting up fake shopping and auction websites that looked just like the real thing to target unsuspecting shoppers.ĭespite some major cybersecurity advancements in recent years, online fraud has experienced a sharp rise in the social media age. The concept of internet fraud first caught public attention in the mid-1990s, when reports about the use of stolen credit cards with celebrity names emerged.
They may steal their victims’ credit card data and Social Security numbers, access their bank accounts and medical records, or even trick them into willingly giving them their money.įor as long as there has been the internet, there have also been scammers hoping to trick inexperienced users into sharing their sensitive information. Scammers use deceptive methods like phishing emails, fake websites, and malicious software to gain access to their victims’ data, files, and personal information. Internet scams are carried out by cybercriminals for some type of personal gain, financial or otherwise. An online scam is any use of internet technology to defraud people.
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