Online Fraud, E-Crime, and Internet Scams Essay examples -- Computers

Online fraud, E-Crime, and Internet ScamsIn the mid-1980s, computer-related crimes appeared in the United States. Computer-related crimes suck right off spawned into Internet crimes, and have raised issues regarding Internet security. Essentially, the Internet has sound a playground for criminal mischief. Basically, 21st-century technology and Internet accessibility are providing arenas for criminals to practise old-fashioned techniques to take advantage of consumers. Recently, Internet crime rates have skyrocketed. The FTC reported that in the last two years, Internet-related-shopping complaints have risen from universe 10% of all consumer complaints to 30% of consumer complaints. Last year, 75% of online merchants were concerned just about online fraud and e-crime. This year, more than 83% of online merchants are frightening that online fraud and e-crime could preserve them. It is predicted that this year alone, online impute- banknote fraud will increase by 24%.Victims of Online Fraud and E-Crime Lose Big Apparently, merchants are very wary of online schemes and scams because when they are the victimsthey keep abreast enormous losses. Internet transactions made with a credit poster are deemed as card-not-present transactions. Therefore, merchants have no redress against credit card fraud. Essentially, merchants are responsible for the monetary damages of online fraud because only credit card numbers are required for an online transaction and a cardholders signature is not required. Also, credit card companies require the merchant to allowance $25 to $100 in charge-back fees. Although the monetary costs to merchants are substantial, well-nigh merchants say money is not their primary concern. Merchants are more fearful that whe... ...peech and privacy concerns. In early November, the British government announced it would kick the bucket $35.79 million on a package to help local police force combat crackers and pe dophiles who use the Internet. Almost every developed nation with Internet access has recently undertaken steps to combat e-crime.ConclusionIt seems as if worldwide efforts are being focused on reducing cybercrime. However, in that respect is really no truly effective judicial standard for big(a) e-criminals. The Computer Fraud and Abuse Act allows criminals to slip through its loopholes, and European nations have just recently begun to draft legislation outlawing online criminal behavior. For the clock being, the most obvious way to avoid falling victim to an e-criminal is to become an educated consumer and avoid Internet activities that are known to be supersensitized to mischief and fraud.