It was reported last month that online fraud has become big business for criminals. The Internet Crime Complaint Center, jointly run by the Federal Bureau of Investigation and the National White Collar Crime Center, reported receiving more than 289,000 complaints in 2012. These complaints resulted in more than $525 million dollars in losses. Many long-running telemarketing and mail fraud techniques are now being used on the Internet, with criminals preying on people’s trust to cheat Americans out of millions of dollars. In addition, some criminals target older Americans or small businesses with specific scams. Common online fraud scams include:
It’s quite obvious that online fraud is a most serious problem. People must be protected to the extent possible. But all of us must be extremely cautious when doing business online.
Sources: The Orlando Sentinel and U.S. Department of Homeland Security
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