Internet Fraud

2358 WordsSep 2, 200810 Pages
Philip A. Agre says that, “Computer networks have a tremendous capacity... to bring people together by extending the already diverse and complex ties that people have among themselves.” The Internet technology connects almost everyone, but it also has its complications. This paper focuses on one main problem Internet users may encounter. It is limited through certain books, dictionaries, and internet sources that are accessible. The writer used books for facts and figures, dictionaries for descriptive purposes, and credible online sources such as the United States Department of Justice website. During the late 1970s and early 1980s there were only a few and small communities using the Internet. Less than a million people were in the…show more content…
“Fraud is the act of obtaining title to property through deception or trickery constitutes the crime of criminal fraud”. Unfortunately, fraud schemes happen in the Internet. It is for the fact that almost all sectors of the industrialized world use the Internet; there will be groups of individuals who would take advantage of this new market to steal from the populace. This is the problem of Internet Fraud. According to United States Department of Justice, the term "Internet fraud" generally refers to any type of fraud scheme that uses one or more online services - such as chat rooms, e-mail, message boards, or Websites - to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme. Internet fraud is a problem that has become very widespread in recent years. Internet fraud was first monitored by the Internet Fraud Watch organization in 1996. The Fraud Watch has stated that each year after its inception internet fraud has increased. In 1998, the Securities and Exchange Commission established the Office of Internet Enforcement to fight online securities fraud which was another sign of how large the problem is becoming. Internet fraud is committed in several ways. The FBI and police agencies worldwide have assigned people to combat this instance of fraud; according to figures from the FBI, U.S. companies ' losses due to
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