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ECT News Community   »   E-Commerce Times Talkback   »   Re: Web-Based Con Artists Enjoy Bumper Year



Re: Web-Based Con Artists Enjoy Bumper Year
Posted by: Robert Jaques 2003-04-12 00:35:30
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Incidents of internet fraud tripled during 2002 to 48,252 complaints, compared with 16,775 in the previous year, according to the FBI's Internet Fraud Complaint Center (IFCC). In addition to the rocketing number of cases, the total financial loss from all referred fraud cases rose to $54 million, up from $17 million in 2001. Of those victims who reported losing money, the highest average losses were found among people who had fallen for the "Nigerian letter scam."


Typo or wild coincidence
Posted by: ALuddy 2003-04-16 14:52:55 In reply to: Robert Jaques
> Of those victims who reported losing money, the
> highest average losses were found among people
> who had fallen for the "Nigerian letter scam."
>
> There were 419 reported cases of this particular
> con, with individual average losses of $3,864.
> Identity theft losses averaged $2,000, and cheque
> fraud averaged $1,100.
.
It would be too good to be true if there were 419 reported cases of this con, since the "nickname" of this scam is the 419 scam (419 refers to the section of the Nigerian penal code that covers fraud).

Re: Web-Based Con Artists Enjoy Bumper Year
Posted by: sglennow 2003-04-12 01:10:30 In reply to: Robert Jaques
The best service any online-based company can offer to their clients is a comprehensive IDS (Intrusion Detection System) and some form of logging & firewall appliances on any service it offers over the internet.
.
There are many "open source" projects that can close the wide-open gap of "lan/wan" security (nothing short of turning the PC off and shelving will make any pc 100% secure).
.
By far, applications that filter out "mal-email" (ads, banners, malicious scripts written specifically to lure victims to websites or place files on a client's desktop without their knowledge) are in dire demand. Simply running Anti-Virus just isn't enough anymore.
.
That covers the "hardware/software" realm of exploitation protection, but there is very little put to the press on protecting the minds that process these online predators' lures.
.
Why would a person who would not give a telemarketer their credit card feel safe to send their numbers to a website company they've never heard of before or anyone they know?
.
Do you feel more confident walking into a bank with FDIC backing? You shouldn't. Decals are dime a dozen on the internet, anyone can put up a website that *looks* like shop.famousname.com and even go as far as to temporarily reroute traffic to their xxx.famousname.tv site.
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The only protection the minds of the "non-geek" public need is EDUCATION on FACTs and not media hype. If the public really knew what runs through the internet they'd never log in again without hardened armour on anything wan-based.
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The newer adage should be on every shopper's mind: "If it sounds too good to be true, GOOGLE it!" 99.5% of the time if you search for whatever company or product name you think is in question there will be someone else who has had experience with them/it before you.
.
No one has to protect YOU but YOU.
-SRG
WDI
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Which type of online advertising is most likely to attract your favorable attention?
Straightforward display ads
Ads based on my interests
Informational articles on products/services
Video ads
Ads designed to grab my attention, e.g. pop-ups, autoplay
None -- I avoid all online ads