INTERNET fraud involves using services or software with internet access to attempt to defraud or take advantage of victims. It encompasses cyber-criminal activities including identity theft, phishing and other social engineering activities designed to scam people of their personal information. These scams will target victims through fraudulent activities that rob people of their money. And the figures we observe continue to increase as internet usage expands and cybercrime techniques become more sophisticated.
Types of internet fraud
A variety of strategies is used to commit internet fraud. It includes activities done through malicious software, email and instant messaging services to spread malware and links to spoofed websites that steal user data, along with wide-reaching phishing scams.
Internet fraud can be broken down into several types including:
Phishing and spoofing: The use of email and online messaging services to convince victims into sharing personal data, login credentials and financial details.
Data breach: Stealing confidential, protected or sensitive data from a secure location and moving it into an untrusted environment, which also consists of data being stolen from users and organisations.
Denial of service: Disrupting the traffic to an online service, system or network with malicious intent.
Malware: The use of malicious software that damages or disables a user’s device or steal personal and sensitive data.
Ransomware: A malware that prevents users…
