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Cyber crime is bleeding millions of dollars from the United States economy Internet Fraud is any type of fraud scheme that uses one or more components of the Internet chat rooms e-mail message boards or Web sites to present fraudulent solicitations to prospective victims to conduct fraudulent transactions or to transmit the proceeds of fraud to financial institutions or to other connected with the scheme Thieves are realizing the potential of the internet and use it to take advantage of users and businesses Internet fraud is rapidly growing in around the world The government is scrambling to find ways to control it Internet fraud is a plague on the worlds economy Internet Fraud is spreading like wild fire across the globe The most popular forms of internet fraud are auctions credit card lotteries and contests work-at-home plans and the Nigerian money offer Eighty-nine percent of internet fraud occurred through online auctions Victims reported non-delivered merchandise and misrepresented goods Unsecured websites are easy targets for some looking for credit card information Visa recently reported that even though only two percent of its business is made up of online transactions much of their customers are being wrongly charged The rise of unemployment has forced many people to find other ways to establish an income Many respond to the work from home plans in hopes to earn more money Many send in their start up fee and receive a box filled with useless materials The Nigerian money offer is the fastest growing con Victims receive an email from someone in Africa who claims to have amassed a fortune and wants to transfer it to your bank account for safekeeping This scam has generated billions of dollars So many people have fallen victim to it that the Secret Service has issued warnings about the scam proclaiming that many people have been robbed and killed after traveling to Nigeria to collect their money The majority of these predators are juveniles
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