Internet Fraud
Every day, fraudsters and hackers find new ways of making a quick buck via the internet. In that regard, the need to familiarize oneself with the principles and measures necessary to avoid falling victim to internet fraud cannot be overstated. This text largely concerns itself with internet fraud and the measures individuals should take to protect both themselves and their businesses from the same.
Internet Fraud: An Overview
Fraud according to Newman (2009) is "a deception deliberately practiced in order to secure unfair or unlawful gain." Thus in basic terms, internet fraud is any fraud executed via the internet. With the growing popularity of ecommerce in which case businesses and individuals actively engage in online trade, online fraud will most likely become even more lucrative. It thus makes great sense for individuals to equip themselves with the necessary skills so as to protect both themselves and their businesses from online fraud.
Protecting Businesses and Individuals from Internet Fraud: Proposed Strategies
Internet fraud can assume various forms including but not limited to auction fraud, non-delivery of merchandise, investment fraud etc. (Federal Bureau of Investigation -- FBI, 2012). Identity theft is yet another form of internet fraud. Knowing how various internet frauds are executed is the very first step towards protecting oneself from the same.
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