Internet fraud dating sites

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However, that type of fraud is minuscule compared to criminals using stolen credit card information to buy goods and services.

The Internet serves as an excellent tool for investors, allowing them to easily and inexpensively research investment opportunities.

However, fraud in hosted marketplaces such as Ebay covers a broad range of products from cellular phones to desktop computers.Identity theft schemes Stolen credit cards Most Internet fraud is done through the use of stolen credit card information which is obtained in many ways, the simplest being copying information from retailers, either online or offline .There have been many cases of hackers obtaining huge quantities of credit card information from companies' databases .The term "Internet fraud" generally refers to any type of fraud scheme that uses one or more online services - such as 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 others connected with the scheme. The FBI and police agencies worldwide have people assigned to combat this type of fraud ; according to figures from the FBI, U. companies' losses due to Internet Fraud in 2003 surpassed US$ 500 million.In some cases, fictitious merchants advertise goods for very low prices and never deliver.

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