eCommerce Journal - Learning more about virtual economy - Articles, Fraud

Beware of ID theft or several tips just to be on a safe side

ayny — Fri, 05 Sep 2008 10:37:10 +0200

The U.S. Justice Department's recent announcement that it had uncovered one of the largest identity theft schemes in U.S. history is a stark reminder for consumers to protect their financial information, according to the Insurance Information Institute.

Identity thieves take personal information and use it to impersonate a victim, stealing from bank accounts, establishing phony insurance policies, opening unauthorized credit cards or obtaining unauthorized bank loans.

It is better to be warned....

ayny — Tue, 15 Jul 2008 14:22:04 +0200

Today development pace of electronic commerce is so high that a number of market participants are on happy roll thanks to such a headlong growth. Just look at the figures characterizing the growth of e-commerce turnovers in China – market of the celestial country grows for 110% a year starting from 2002.

IRS warns about the impostors

ayny — Mon, 14 Jul 2008 12:52:16 +0200

The Internal Revenue Service cautions taxpayers to be on the lookout for a new wave of scams using the IRS name in identity theft e-mails, or phishing, that have circulated during the last two months.

In May and June alone, taxpayers reported almost 700 separate phishing incidents to the IRS. In 2008 so far, taxpayers have reported about 1,600 phishing incidents to the IRS.

All the truth about Internet crime

ayny — Mon, 23 Jun 2008 15:44:52 +0200

Every day the Internet brings us some news trumpeting all over the world that some company has invented a new way to protect from fraudsters, raised security level of payment systems and etc. But swindlers are also not going to make no headway. Their keenness of wit may and even should cause envy.

Stock Spammers: Invest a penny – milk a million

ayny — Fri, 20 Jun 2008 21:34:08 +0200

By now it seems that all of us know what spam is. It gets to us via various communication methods on a daily and sometimes hourly basis. We have been spammed through our snail mail boxes filled with offers we don’t need, mobile phone text messages targeted at commercial advertising, unsolicited land phone line marketing, and of course, email messages.

Vishing targets the US cardholders

ayny — Thu, 19 Jun 2008 09:53:28 +0200

Nowadays scammers and fraudsters become more and more ingenious. Sometimes the specialist even cannot keep the pace of their resource. The California Credit Union League on Wednesday warned credit unions and their members to be on the alert for a new type of scam that is a variation of the widespread email scam known as phishing.

Keep safe while surfing online

ayny — Fri, 13 Jun 2008 10:47:58 +0200

Sometimes a fear of being scammed prevents us from visiting lots of sites. You cannot just click on some link because it may redirect you to some fraudulent website. But it is not necessary to live in a constant fear and to deprive yourself of a pleasure. Just be attentive and keep in mind the following tips!

Numox payment system - a new generation of Internet - scam!

ayny — Fri, 06 Jun 2008 20:58:29 +0200

When we started writing an article about Numox payment system, we were sure that we would see a common payment processor, registered by some offshore company that dreamed of making a revolution in the payment industry. However, any new facts that we were learning about Numox shocked the reporters of ECJ more and more.

Fraud? Beat it!

ayny — Tue, 03 Jun 2008 11:45:19 +0200

What is the greatest fear of all online users? Of course fraud! Exactly fraud makes people to refuse a great number of services and solutions offered by the Internet.

Even among those performing transactions on the Internet -- banking, stock trading or checking credit card balances online -- appear to be worried about the threat of fraud.

DDoS Attacks... Now forums are involved!

lexus — Fri, 30 May 2008 01:17:28 +0200

Though it has been only 5 months into the current year, we can already call it the most “DDoS productive” year as DDoS or DoS attack industry has reached its peak this year. Judging by victims and affected sites, this “bad luck” can be called as the Internet plague of XXI century. We have already covered the subject of DDoS attacks, their nature and the ways of realization.

How to avoid e-commerce scams - Phishing emails

Marianna — Mon, 19 May 2008 19:18:31 +0200

Recently there has been a lot of news regarding the phenomena known as "phishing emails."

Anyone who does business on the Internet today has undoubtedly, at one time or another, received an official looking email, which appears to come from a legitimate online community asking the reader to supply sensitive information. The source of such emails are usually scammers, who are attempting to lure an unsuspecting reader into providing some type of sensitive information, so that the scammer can then use this information for criminal activity.

DDoS – Delayed Death of Site?

ayny — Sat, 10 May 2008 19:00:43 +0200

The whole e-commerce world was recently shocked with a number of DDoS attacks against the leaders of electronic payment market ePassporte and Liberty Reserve, especially the latter one which became a "favourite" of ddosers. There is not a single forum where the participants have ignored this hot topic.

Everybody should know this! Some tips to be protected against fraud

ayny — Wed, 07 May 2008 16:02:58 +0200

Every catastrophe has its signs and can be predicted and avoided. Fraud is also a kind of catastrophe with its own signs and it also can be predicted and respectively avoided. The main thing is attention and some tips that should be learnt by heart.

Know the Signs

Beware of e-auctions!

Seenu.dsr — Wed, 30 Apr 2008 17:26:29 +0200

Ebay.com is one of the popular auction websites where users can get products for low price. But before bidding for a product, we should consider some aspects. Fraud might be conducted by customer or by sellers. Some times consumers may send fake checks or fake account details to the sellers. But, most of the fraud cases are conducted by sellers.

Beware! New ID scam

ayny — Mon, 28 Apr 2008 12:45:53 +0200

Progress is a great thing. Progress is a synonym of success and there is hardly any person who can reject this. Every industry, every company, every business and every person aims to be successful and targets constant progress. Fraud is also an industry that is always in the process to become more perfect. So, according to http://www.kgw.com/ crooks no longer need to steal a credit card or statement to steal from you. A new scam targets you and your account number, without the crook ever knowing who you are.

Digital age fraud: how your money is at risk

Marianna — Tue, 08 Apr 2008 21:37:11 +0200

We live in a day and age where convenience is of great essence. Technology has come up amazingly to match our needs and requirement. We currently live in a digital age. Nowadays we don't need to go to a bank to set up an account; technology sure has increased our capacity of laziness. Now from the comfort of our homes, we can set up accounts and monitor them.

Failure of a century for the FBI…or on whom does America gamble?

lexus — Fri, 28 Mar 2008 15:28:50 +0100

On July 28, 2004 indicators of VPN connection to the Internet of tens of thousands of users worldwide have begun blinking nervously and directed swarm of bits and bytes to shocking post appeared on probably the most legendary resource of carders in the Internet history. On CarderPlanet.com had appeared the message posted by admin King_Arthur beginning with the following words: «Good day, dear and, in one sense, native forum participants. So, it’s high time to tell you a bad news: it’s time to close our forum…”

Fraud: to be or not to be....

ayny — Mon, 24 Mar 2008 20:07:34 +0100

"I'm fed up with these continuous warnings and advices!" one can exclaim with a sense of irritation. And indeed there are a lot of articles devoted to the problem of online fraud and the ways to solve it. Our journal has also tried to call your attention to this topic. But despite meters of paper editions and megabytes of online discussions we still observe sad news summary indicating the real state of affairs.

He knows who has stolen you plastic card number!... As well as FBI…

lexus — Wed, 19 Mar 2008 18:03:48 +0100

Story of this man has shown that if you made a scratch of plastic card, stole account in E-trade or sell access to the mobile operator account of Paris Hilton it doesn’t mean that nobody knows about that. Believe us, they know…; moreover, if you do everything well and professionally, very soon FBI will find you and will make you to keep an eye on the ones who do the same job to put them inside.

Romanian solution for stopping Ebay fraud

sergiu23 — Tue, 18 Mar 2008 17:55:37 +0100

Today the problem of fraud on websites like Ebay is very important and one of ECJ freelancer has an idea how to stop it.

The problem

The main problem on Ebay is fraud. Why? Because of the system. This is a common practice in my country, there are a lot of people that live only from this, even if is 100% illegal. What do they do?

Top 5 biggest financial frauds in the world

sergiu23 — Mon, 17 Mar 2008 16:17:22 +0100

We all heard about thefts everyday. No one likes them. But these are big ones, that managed to steal incredible sums and gained a hero status among the common , poor people.

Big frauds history

The first big fraud was made in India, in 1992, by a great success broker with over 10 years of experience.

Plastic cards in the eyes of consumers

lexus — Fri, 14 Mar 2008 20:30:04 +0100

Continuing the theme of plastic card fraud we would like to pay your attention to results of survey conducted by eMarketer found on official site of this researcher with worldwide fame www.emarketer.com.

A small but loyal minority
When they are confronted with two merchants who offer the same product at the same price, consumers say the two factors

Canadian solution of fraud problem

ayny — Fri, 14 Mar 2008 13:29:07 +0100

There are a lot of methods to protect from fraud and scam. Usually banks or other organizations providing some payment tools warn about the potential risks and dangers. Self-control, control of situation, attention and accuracy will credit you and will help to stay secure. But the enterprises providing these payment tools also should think of the security of their customers and make measures to prevent them from the activity of swindlers and malefactors.

Internet law - typical structures of internet investment fraud

lexus — Thu, 13 Mar 2008 03:50:50 +0100

Numerous online forms of investment fraud mimic frauds previously committed over the phone or through direct mail. The Internet have provided new opportunities for defrauders including the ability to easily construct and develop online advertising, bulletin boards, online newsletters, e-mail, chat and Websites. For this reason, investment fraud over the Internet has increased and the Security

Watch out: fraud!

ayny — Wed, 12 Mar 2008 15:28:14 +0100

Fraud is a scourge of modern virtual economy that always sadden people’s mood and gives rise to distrust to cashless payment means. There are no a perfect means of protection that can allow people to forget about any worries and do not care about their payment tool. The progress in security tools is great but swindlers also do not sit around twiddlind their thumbs.

E-commerce hit-or-miss, or again the issue of security

ayny — Mon, 25 Feb 2008 18:10:58 +0100

The success of success of e-commerce is really overwhelming. Having millions and even billions of money in all kinds of currency e-commerce industry is a real rival of today's real economy. Thousands of transactions are conducted during one day by millions of people almost in any point of the globe. Internet commerce being popular in European countries and in America just begins its developing in countries with weak economy.

DDoS: platform for cyberextortion

Natalia — Tue, 12 Feb 2008 07:29:59 +0100

January 3^rd, 2008 LibertyReserve has published the message received from patrkell@fastem.com, named themselves as anonymous group of hackers claiming they have received the payment of $7,000 from v-money.com to DDoS (distributed denial of service) the site; but offered "if you desire for $8,000 we stop this attack, e-gold is only accepted...Today our team is stared with DDoS in intermittent

Phishing: development progress or scourge of virtual economy?

ayny — Tue, 05 Feb 2008 13:17:03 +0100

In all times there were people greedy for easy money. And neither political situation nor prosperity of the country influenced on this fact. Thieves always existed and will exist - such is a nature of human being. But the form will change it is for sure. For example, 50 years not a single man knew about phishing ago as it is a new term. But today thousands of people suffer from the art of these swindlers living in endless space of Internet.

Most wanted: Financial operators

lexus — Wed, 23 Jan 2008 09:21:26 +0100

The expansion of the cyberspace and the increase of the Internet's influence on all aspects of our life have its own pros and cons. The immense volume of the information gives the user all the tolls to benefit from it. However, the ways of gaining the profit could be different.

We don't know any online media source that wouldn't write or discuss the money - laundering subject.

New era of cybercrime

lexus — Tue, 15 Jan 2008 07:18:06 +0100

With the growth of the online trade the number of hackers attacks targeting identity theft became astonished. The development of cybereconomy has forced many financial institutes, especially banks and 3rd party payment processors either to offer internet-only banking either to offer typical online tools that would satisfy the demand of the transnational and borderless trade.