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E-Commerce and Fraud
Fraud in world of internet has generated quite a concern with the media
writing stories about the threat of credit cards being stolen, purchases
being unsafe and the lack of security about protecting your identity. ... There have been many solutions and systems put in place
to counter and combat the types of internet fraud with quite a high level
of success. ... com/statistics/fraud. ... Fraud and e-commerce goes together the same way fraud and
conventional commerce does. ... In the end e-commerce fraud is really just simple variations
of standard consumer fraud, mail fraud, and telephone order fraud.
The type of scheme most commonly found in e-commerce is the credit
card/identity theft. ... shtml
Even though consumers are the victims, this type of fraud has bankrupted
the likes of huge businesses. ... It was suppose to be a method used to get around
internet fraud, but the basis to make an account in Flooz. ... com titled
"Flooz to File Bankruptcy; Victim of Credit Card Fraud"
It says
"The newspaper quoted unnamed sources as saying the New York-based
Flooz had unknowingly sold $300,000 of its "flooz" currency over the last
three months to a ring of credit card thieves in Russia and the
Philippines, before being alerted by the Federal Bureau of Investigations
(FBI).
Approximate Word count = 979
Approximate Pages = 3.9
(250 words per page double spaced)
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