"During 2009, losses reported to the Australian Competition and Consumer Commission through scams totalled almost $70 million, ACCC deputy chair Peter Kell said today when launching Targeting scams - Report of the ACCC on scam activity 2009.
"Scams continue to make up a large proportion of total complaints that the ACCC receives and more than 20,000 scam reports were made to the ACCC in 2009 - a 16 per cent increase compared with 2008," Mr Kell said.
"Realistically, this figure is likely to be the tip of the iceberg – given people can be embarrassed about reporting that they have fallen victim to scams and lost money in the process."
Online scams are the focus for the Australasian Consumer Fraud Taskforce's 2010 Fraud Week campaign. The campaign, Online Offensive—Fighting Fraud Online runs from 1-7 March.
...The report notes that the dominance of online scams. "Nearly 70 per cent of consumers that contacted the ACCC about scams during 2009 said they were contacted by scammers via the internet," Mr Kell said."
Q1. How serious is this in relation to other crimes such as burglary and robbery?
Q2. Go to the Scam Watch web site: www.scamwatch.gov.au and find out how:
Identity theft works
What are 'Chain letter' scams?
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Q1. Identity theft is a type of fraud which involves stealing money or gaining other benefits by pretending to be someone else. It is very serious in this case as 20,000 online scams were reported and almost $70m in loss have occured. It would result in people doing transaction throught internet as they lost the confident of trust.
Q2.
(a) Identity theft works easily and quickly when personal information posted on social networking sites as scammers will have easy access to this information or scammer create elaborate and cunning plans to trick you into providing your personal details through phishing scams, Phoney fraud alerts and Bogus job opportunities.
(b) Chain letters are a type of pyramid scheme that is spread through the post, or sometimes by email. They promise a large financial return for a relatively small cost. You could lose your money in two ways. First,you send money to the scammers who sent you the letter. Second, you waste a lot of money on postage and photocopying costs.
Q1.
In my opinion, Scams are more serious than burglary or robbery. In my country, the most popular way was through telephone, they will call you and pretended to be your children, then ask parents for help. It happens to every Taiwanese family (even myself, fortunately we didn't lose anything! ). In the same way, scammers are trying to gain people's trust, make them nervous or exciting. It is really serious because everyone could easily do that, and we are losing confident of trust sharply. Moreover, if scammers keep growing up, few years later internet users could unbelievably decrease, and we may not talk to or believe in anyone else on the internet and people may think "people on the internet are not friendly at all".
Q2.
(Identity theft works) : is a kind of fraud, thefts may pretended to be a buyer, governor, counselor, doctor or anyone else. they are always consider about money, and normally they will kindly talk to you at the beginning, but once they mention about money or ask you financial statement or bank account, we have to be careful!
(Chain letter' scams)? is a letter that sending to among of people and normally ask you to send some money then you will have huge amont of return. BTW, I often receive this kind of letter, and it really makes me worry sometimes because I am a online shopaholic. I always check my credit card bill and report to the bank or government if I receive an unexpected deal, and let them track those dealers (probably scammers)
Q1. I think, scams are a part of crimes which they are big problems for the Internet. The process is anyone who really steal idea or make benefit from other people, so, it is similar to the burglary or robbery. According to ACCC website, people have to lose a lot of money about 70 million in scams, so, the quantity of people who accepted on internet could be decreased rapidly from now on.
Q2.
a. Identify theft works can happen easily via scams. It will access to steal your personal information for their benefits. However, there are many types for theft such as phishing scams, phone fraud alerts and Bogus job opportunities. Each type is different method to steal your information but the result you will lose money as the same. Thus, you need to check the information carefully before you decide to do anything to protect your money.
b. Chain letter scams are promoting by people who trust easily. They will be sent via email quickly like spreading a virus. They could be received more money from people who really don’t know and believe them. The result is you can lose your money to the scammers.
Q1.It is very serious problem more than other crimes now. Although many people konw online scams and other crimes, many people still don't konw that there are online scams. Therefore, in the future, many victims is increasing and after that many people will not believe online.
Q2
(Identity theft works)
It is kind of fraud and use people's trust to gain money.
(chain letter scams)
It is kind of fraud using the post or email. Although they promise a large fincial return, people lose their money.
Q1. I think that the only difference is that burglary involve violence and scamming not. However, whatever method a person use to steal money, is a fraud. The problem with the scammers is that they are stealing money from a lots people just in minutes.
Q2.
a) Identity theft. This is a simple operation that involves stealing money too, by pretending be other person. That way you can have the trust of people giving them the correct information and personal details to fro instance make an online purchase.
b)Chain letters. this is a scam chain. Is spread like a virus. People don't realise that the mail or post they are reciving is a scam, because its normally come from people you know and you trust.
Q1.
I think this crime is more evil than the crime of burglary and robbery. Possible losses derived from burglary and robbery only hundreds and thousands of dollars. But if we look at the losses obtained reached $ 70 million, it was clear this was a very big case and serious.
Q2.
(a) A thief has many ways to obtain personal information. Some of the things needed in order to steal the identity of the Social Security number, address and full name. Identity thief can take to steal an old paper with related information, milling information through key logging programs and malware and hacking website. Other thieves will actually call a victim by phone, gathering information and approvals for the false transactions.
(b)Chain letter is a letter that was sent to the person to be sent again to another recipient. Most of the chain letter containing the news that the contents can not be accounted for. They promised benefits for anyone who gives money to the sender of the letter. The money sender does not aware that they have lost money.
Q1. It is not different from burglary and robbery because the losers have to lose their money as well. Sometime these scams make more damage value than other case. It is very easy to normal people to be lure into fraudsters' trap. Whatever types of fraud they are but still be like the same as stealing.
Q2.
(a) -By sending an email that looks like it comes from your bank, financial institution or telecommunications provider. Known as phishing scams, these emails are all about tricking you into handing over your personal and banking details to scammers. Most work by including special links in the email to take you to a combination of genuine and spoofed websites.
-Phoney fraud alerts are similar to phishing scams where scammers trick you into handing over your personal details. A common fraud alert involves the scammer pretending to be from your bank informing you that your credit card or account has been cancelled because of suspicious criminal activity (various excuses are used). They will then trick you to provide account details to ‘confirm’ your identity.
-Bogus job opportunities are usually posted on job websites. The scammer may use or sell your personal information provided in the job application.
(b) Chain letters are a type of pyramid scheme that is spread through the post, or sometimes by email. They promise a large financial return for a relatively small cost. In a chain letter scam you lose your money in two ways. First—you send money to the scammers who sent you the letter. Second— you waste a lot of money on postage and photocopying costs.
Q1.
For me, crimes are crimes and every crime is serious. Scams are mainly referring to money lost, which it can be related to other assets and life later. However, other crimes may affect to other assets and life directly such as burglary and robbery.
Q2.
Identity theft needs to get information from the preys and uses it to operate prey's account. There are many ways to collect the information such as from emails and data on social web sites.
Chain letter in terms of scam are the letter that request small money for big money in return. However, details inside the letter have various stories depending on how smart of scammers who make stories trustworthy enough for scam.
Q1.Scams are increase rapidly on internet last year because it is easy to approach people who use internet continuously nowadays than burglar and rob as before, they have many ways to reach into consumers information by fraud online such as advance fee, dating and romance, unexpected prize etc.
Q2.
a)Identity theft works by contact with people on various website, then cheating them by make trust and ask for information.
b)'Chain letter' scams are use psychology things to persuade people to comply with them such as helping hand by forward mail, warning serious story because we received from friends that make we trust and doing in the same thing
Q1. Scams are no different to any other crime of fraud or steeling as it purpose it the same: taking money that is not yours by deceiving and hurting other human beings. Therefore it is consider an illegal act like any other crime.
Q2. - Identity theft use ones personal details from credit cards, public records email and other personal identifications to style money from that person by using is identification.
-Chain letter schemes are emails or letters that are sent to people asking them to pay a small fee to a number of people, promising them in return a larger amount of money.
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