Merchant Services: Online Fraud Prevention
The modern world of technology provides online users the opportunity to visit websites, communicate with others and shop without the need to leave your computer. However, with the conveniences come common sense concerns that we all need to be aware of. With the increased usage of online sources, have come threats such as identity theft, credit card fraud and other online fraud. However, with common sense usage of online sources and preventive measures, you should be able to be safe online.
One of the biggest threats of using online technology, including online shopping, is Identity Theft. Identity Theft occurs when an online visitor leaves personal information on a website. This can happen when shopping or signing up for a product or service. The information can include name, address, email address, date of birth and social security number. Depending on the information that is left on the website, criminals that illegally access the site can possibly use the information to assume your identity for loans, credit cards and other illegal uses.
- About Identity Theft
- Identity Theft FAQ’s
- Identity Theft Resources
- Identity Theft and Privacy Facts
- FDIC Identity Theft Information
Today online scams can occur in many different methods. One of the more popular scams involves people selling items on online sites. The way the scam works is that a large item such as a car is placed online for sale and a criminal responds saying that they will send a cashiers check to the seller, and arranges for the transfer. When the check arrives it is for too much money and the criminal apologizes and asks that the over payment be wired back to them. The seller does it, then after the original check is deposited, it is found to be a fraudulent check and bounces. Leaving the seller out the money they wired to the criminal. This is just one of many online scams.
- Avoiding Online Scams
- Top Ten Online Scams
- Internet Fraud
- Internet Crime Complaint Center
- Fraud Online
The e-mail scam has been around for many years and has taken different forms. One of the most famous scams is the “Nigerian Scam”, where an email is sent saying that they are royalty in Nigeria and that they have funds in a U.S. account that they need to access. However, they claim that they are unable to get these funds and need help. The recipient are asked to wire funds to the foreign sender and of course are not able to get the money out of the fictitious account. The e-mail scam has taken many different forms, but are essentially the same type of scam.
- FBI E-Scams and Warnings
- Email Scams
- Recognize and Avoid Email Scams (PDF)
- Current Email Scams
- Five Common Email Scams
Continue Reading – Online Fraud Prevention, Part 2