Internet Fraud

net Fraud earnings hoax is a painful sensation that has become very widespread in recent years. Internet invention was first monitored by the Internet Fraud pursue organization in 1996. The Fraud Watch has stated that on an individual basis year after its inception internet put-on has add-ond. In 1998, the Securities and Exchange Commission established the Office of Internet Enforcement to gestate online securities fraud which was another sign of how large the problem is comme il faut (Clausing). Despite the SEC¡¦s efforts this problem has not been alleviated, all instead continues to grow.

According to the Internet Fraud Complaint emplacement (IFCC), ¡§the total dollar loss from all referred internet fraud cases was $54 million in 2002; this amount is al slightly trinity times as much than was lost in 2001¡¨(IFCC). This increase shows that the problem of internet fraud is becoming more(prenominal) widespread. The most widely reported type of internet fraud by the IFCC is online auction fraud. In 2002, 46.1% of all internet fraud...If you pauperization to tug a full essay, order it on our website: OrderEssay.net

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