Fraud and Scams

The Internet provides millions of information all throughout the globe. Little by little, the world is being technologically dependent because it needs to cope up with the changing of the times. With just a few clicks of the mouse, transactions and contracts can be perfected without the need of face-to-face interaction. People nowadays rely on the Internet for personal and commercial reasons; the livelihood of many people even depends on it.

The World Wide Web has become a forum for communication and access to almost everything and everywhere, and as such, it has exposed the Internet users to risks such as the Internet fraud which is one of the most prevalent crimes in the United States today. Internet Fraud: Overview Internet Fraud pertains to the types of schemes or devices that an individual or a group generates using Internet forums like the emails, web sites, and chat rooms in order to attract unwitting victims to engage into a certain type of financial transaction without them knowing it to be false or fraudulent (United States Department of Justice, n. d. ).

Frequent Internet users know their way around it, and they know that the term “Internet time” simply refers to doing business decisions. Perfecting online transactions and communications are very fast-paced, and those people who engage in illegal activities involving the Internet master the language and operation during the so-called “Internet time” in order to take advantage of the situation (United States Department of Justice, n. d. ). Internet fraud perpetrators are masters of their time, and they can detect the perfect opportunity to do their scheme.

For instance, they know when and where to post false but attractive advertisements that many people can easily view and as a consequence, many will more likely to fall into their trap. Internet Fraud Statistics Internet fraud is widely spreading and because of this, the Federal Bureau of Investigation (FBI) was forced to team up with the Internet Fraud and Complaint Center (IC3) in order to track and ultimately catch these perpetrators. They began their operation in May of 2000.

The role of these two departments of the government is to handle Internet Fraud situations through the use of a special mechanism that will get the attention of law enforcers if there is an occurrence of Internet criminal offense (Internet Fraud Complaint Center, 2009). Statistics show that from January 1 to December 31, 2008, the Internet Fraud and Complaint Center received a total of 275,284 complaints, which is tantamount to more than 30% increase as compared to 2007 when there were a total of 206,884 complaints.

These complaints consist of different types of Internet fraud, and all of these are mostly accessible to both federal and state as well as the local law enforcements. The total estimate of the financial loss from all of these Internet Fraud cases amounts to $264. 6 million with an estimate of $931 per complaint. This is an alarming increase in reported financial loss from cases of Internet fraud compared to the $239. 1 reported loss in the year 2007.

The highest rate of Internet crimes that were recorded in the United States can be found in Washington and Nevada followed closely by California and New York. The United States and China have more than 200 million Internet users in 2008, and as such, it has 66. 1% Internet perpetrators according to statistics. Other countries where Internet scams and fraud are starting to spread include United Kingdom which, according to statistics, have a 10. 5% perpetrators and Nigeria which has 7. 5% perpetrators (Consumer Fraud Reporting, 2009).