Growing Global Internet Menace: Fraudsters in Cyberspace: Part Two

Law enforcement, regulatory authorities, and consumer organizations have alerted the public to Internet fraud schemes over the past few years. Here are 17 types of schemes that have most victimized Internet users worldwide. 

The tremendous growth of e-commerce on the Internet has allowed criminals to bring all their pre-Internet fraudulent schemes, as well as some new ones, to a vast new market. Although the intention is to victimize consumers and investors, many of these fraudulent schemes have been cleverly disguised to resemble honest e-commerce promotions thus making it extremely difficult for consumers and investors to separate the good from the bad and the ugly. The explosion in the number of individuals who have become victims of Internet fraud has likely undermined consumer confidence and helped to curtail the potential value of the Internet and e-commerce.