Internet Fraud

1
Internet Fraud

• Identity Theft
• By Natice Thompson
• CS 100 Spring05

2
My Identity

• A sophomore at Virginia Wesleyan College
• Majoring in Liberal Arts Management Program
• Married eleven years this May, 2005
• Working in the Insurance Claims Industry
• Supervisor for Special Investigations Unit

3
A QUIZ

• You are an Online Identity Theft victim if
• You made a purchase from a https// site?
• You utilize a reputable payment method (ie
  paypal)?
• You responded to an e-mail awarding you a free
  Ipod for just the cost of shipping handling
  charged to your credit card?

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THE ANSWER

• Dont hold your breath waiting for that Ipod . .
  . .
• But I would watch out for those mounting charges
  on your credit card . . . .
• Your identity is being stolen!

5
How You Ask!

• SPAM emails promising big rewards for just the
  cost of shipping.
• Professional criminals hacking into sites with
  insufficient security measures.

6
A Look Back to 2004

• National Fraud Information Center
• Internet Fraud Watch reports the following
• Email as a growing method of contact by Internet
  crooks is at 22 percent, up from 5 percent in
  2003
• Of Frauds initiated by email, the top scams
  include Nigerian Money Offers, Phishing,
  Lotteries/Lottery Clubs, and Fake Check Scams.

7
The Good Guys

• Federal Trade Commission (FTC)
• The Department of Justice
• United States Postal Inspection
  Service
• Federal Bureau of Investigation
• United States Secret Service

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I have a tale to tell

• The US Department of Justice reported an
  indictment on their website this month from
  Florida
• The Defendant utilized the web to secure names,
  addresses and social security numbers of victims
  using them to then apply for a series of car
  loans via the Internet.

9
Remember S C A M

• S Be stingy about giving out your personal
  information
• C Check your financial information regularly
• A Ask periodically for a copy of your credit
  report.
• M Maintain careful records of your banking and
  financial accounts.

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For More Information Contact

• Federal Trade Commission Home
• Federal Bureau of Investigation Home Page
• U.S. Postal Inspection Service
• Social Security Administration
• Internal Revenue Service
• Equifax Experian Trans Union

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Bibliography

• http//www.usdoj.gov/griminal/fraud/idtheft.html
  (05/04/2005)
• http//www.fraud.org./tips/internet/idtheftavoid.h
  tm (05/04/2005)
• http//www.nclnet.org/news/2005/fraud_trends_2004_
  ncpw.htm (05/04/2005)