Internet fraud may be equated to cybercrime or deception that uses the Internet. It could involve hiding information or giving out wrong information to get money, property, or an inheritance from a victim. Internet fraud is not a single, distinct crime. Instead, it includes many illegal and wrong things that people do in cyberspace. However, it is not the same as theft because the victim voluntarily and on purpose gives the information, money, or property to the thief. It is also different because the offenders are in different places and at different times.
The FBI’s 2017 Internet Crime Report says that about 300,000 complaints were sent to the Internet Crime Complaint Center (IC3). In 2017, people were scammed online and lost more than $1.4 billion. According to a study done by the Center for Strategic and International Studies (CSIS) and McAfee, cybercrime costs the global economy as high as $600 billion, which is 0.8% of the total global GDP. There are many kinds of online fraud. It includes things like spam emails and online scams. Internet fraud can happen even if it is only partly based on using Internet services or if it is based mostly or entirely on using the Internet.
Internet ticket fraud
Internet marketing fraud involves selling tickets to popular events like concerts, shows, and sports games. The tickets are either fake, or they are never sent. This kind of fraud has grown because there are more online ticket agencies and more experienced and…
