INTERNET SECURITY, PC SECURITY »

The term Internet Scam or Internet Fraud refers to any type of fraud scheme that uses one or more online services to conduct fraudulent activities. Internet fraud can take place on computer programs such as chat rooms, e-mail, message boards, or Web sites. In this post I will discuss about some of the commonly conducted scams and frauds across the Internet.
1. Phishing Scam
This is one of the most commonly used scam to steal bank logins and other types of passwords on the Internet. Phishing is the criminally fraudulent process of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication. Phishing is typically carried out by e-mail or instant messaging.

Example:You may receive an email which claims to have come from your bank/financial institution/online service provider that asks you to click a link and update your account information. When you click such a link it will take you to a fake page which exactly resembles the original ones. Here you’ll be asked to enter your personal details such as username and password. Once you enter your personal details they will be stolen away. Such an email is more than likely the type of Internet scam known as “phishing”. Phishing is said to be highly effective and has proved to have more success rate since most of the common people fail to identify the scam.

Most legitimate companies never request any kind of personal/sensitive information via email. So it is highly recommended that you DO NOT respond to such fraudulent emails. For more information on phishing visit my detailed post What is Phishing?

 
2. Nigerian Scams
This type of scam involves sending emails (spam) to people in bulk seeking their help to access large amount of money that is held up in a foreign bank account. This email claims that in return for the help you’ll be rewarded a percentage of the fund that involves in the transaction. Never respond to these emails since it’s none other than a scam.

In case if you respond to these emails you will be asked to deposit a small amount of money (say 1-2% of the whole fund) as an insurance or as an advance payment for the initialization of deal. However once you deposit the amount to the scammer’s account you’ll not get any further response from them and you lose your money. In fact “The large amount of money” never exists and the whole story is a trap for innocent people who are likely to become victims. The scammers use a variety of stories to explain why they need your help to access the funds. The following are some of the examples of them.

Examples:

They may claim [...] Continue Reading…

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