I came across an interesting article that i thought i should share. Internet fraud in all its forms apparently is causeing a headache to many states as stated by Reuters that eight states have them as the top three most difficult issues they have to handle.
The Subtext outlined on the article was " While Web users drown in spam and fend off scams aimed at stealing their money, U.S Federal and state law enforcemenet authorities are doing little to resolve what has become a multi-billion dollar problem."
I believe that this is a concernas the world is evolving towards adding the word " Internet " to the necesties of survival in between water, food, shelter and clothing !
Estiamtes showed a cost of $7.1 Billion in 2007 for spware, viruses and phising costs. Which is as the article states $2 Billion higher than the year before showing a very high increase annually.
The article is very interesting showing the involvmenet of government or the lack of according to concerned individuals and the affect of this on societies all over the globe.
A Link
http://http//www.reuters.com/article/idUSN1250245520080812
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At times, it is tempting for us to simply blame the government and say that they are lazy (and sometimes they are), but under the case of Internet fraud prosecution, many other factors also play a part.
ReplyDeleteUnfortunately, Internet Fraud is not the same as a normal crime mainly because of the distance and jurisdiction problems. Many times, internet criminals will base themselves in countries that either have relaxed, uncaring, or corrupt policing systems.
With jurisdiction, even when U.S. prosecutors have discovered the internet criminal, it may cost simply too much money or effort to try to go through international hoops and also negotiate jurisdiction.
In order to be able to handle these types of cases better, it might be beneficial to have a sort of "Internet Police" that has jurisdiction with all crimes committed on the Internet. Of course, something like this would have tremendous power and we must wonder... who will guard the guards?
link:
http://www.combat-identity-theft.com/international-credit-card-fraud.html
The problem with the internet is that it has no rules or laws. There is nothing stopping people from doing illegal things on the web. The only restrictions are in the individual networks. This makes it difficult for people to protect themselves from the large amount of frauders online. I think that for the most part, people in our age group are less likely to be victims of simple internet fraud because we have grown up with the internet and know how to protect ourselves. Children, teenagers, and older people may have more trouble understanding what to trust, and what to not trust.
ReplyDeleteIt would cost a lot of money for the US to step in to help protect people from these scams. I remember when I first had AOL, I received an instant message asking for my password because I had been charged incorrectly for a bill. I willingly gave the stranger my password because I didn't know any better. In the next few minutes, strange things were happening on my AOL account and I realized that I had made a huge mistake by giving out that information. Luckily, AOL was there to fix the problem and restore our family's account. From then on, I have LEARNED to be extra careful of what information I give to people online.
I think it is important for people to gain knowledge on internet safety. It will be a long time before anyone else can step in and patrol the WWW for us.
Internet fraud has caught many people off guard. there a lot of phishing emails going around that ask for bank accounts. i personally received an email from my bank (bank of america) asking for bank account information and to login. luckily my gmail account had flagged the email as phishing email or i would have provided my information since the email looked very legit and was very similar to the emails i was really receiving form bank of america. while on youtube, i found an interesting video called web of deceit-internet fraud. it is the story of a person who was involved in internet fraud and shows you how he did it and what protection measures people should go through to avoid being involved in internet fraud. below is the url for the video on youtube.
ReplyDeletehttp://www.youtube.com/watch?v=KO9P4K3-RcI
http://www.fbi.gov/cyberinvest/cyberhome.htm
ReplyDelete