Nina Kollars of the Naval War College explains an Internet fraud scheme that she stumbled upon while shopping on eBay.
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance.[1] Internet fraud is not considered a single, distinctive crime but covers a range of illegal and illicit actions that are committed in cyberspace.[1] It is, however, differentiated from theft since, in this case, the victim voluntarily and knowingly provides the information, money or property to the perpetrator.[2] It is also distinguished by the way it involves temporally and spatially separated offenders.[3]
According to the FBI's 2017 Internet Crime Report, the Internet Crime Complaint Center (IC3) received about 300,000 complaints. Victims lost over $1.4 billion in online fraud in 2017.[4] According to a study conducted by the Center for Strategic and International Studies (CSIS) and McAfee, cybercrime costs the global economy as much as $600 billion, which translates into 0.8% of total global GDP.[5] Online fraud appears in many forms. It ranges from email spam to online scams. Internet fraud can occur even if partly based on the use of Internet services and is mostly or completely based on the use of the Internet.
^ abWarf, Barney (2018-05-16). The SAGE Encyclopedia of the Internet. SAGE. ISBN 9781526450432.
^Brenner, Susan W. (2009-01-16). Cyberthreats: The Emerging Fault Lines of the Nation State. Oxford University Press (OUP). ISBN 9780190452568.
^Fisher, Bonnie S.; Lab, Steven (2010). Encyclopedia of Victimology and Crime Prevention. Thousand Oaks, CA: SAGE Publications. p. 493. ISBN 9781412960472.
^"FBI 2017 Internet Crime Report" (PDF). FBI.gov. Federal Bureau of Investigation. May 7, 2018. Retrieved 28 August 2018.
^"The Economic Impact of Cybercrime— No Slowing Down" (PDF). McAfee. 2018. Retrieved October 24, 2018.
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