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The craft has continually evolved in sophistication.
In some instances, a picture of the product is sent in place of the actual product.
Identity theft schemes Stolen credit cards Most Internet fraud is done through the use of stolen credit card information which is obtained in many ways, the simplest being copying information from retailers, either online or offline .
There have been many cases of hackers obtaining huge quantities of credit card information from companies' databases .
The term "Internet fraud" generally refers to any type of fraud scheme that uses one or more online services - such as chat rooms, e-mail, message boards, or Web sites - to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme. The FBI and police agencies worldwide have people assigned to combat this type of fraud ; according to figures from the FBI, U. companies' losses due to Internet Fraud in 2003 surpassed US$ 500 million.
In some cases, fictitious merchants advertise goods for very low prices and never deliver.
But the Internet is also an excellent tool for fraudsters.
In a romance scam virtually all the methods enlisted elsewhere on this page are used to extract cash from their victims, thus making it a very deadly weapon in the wrong hands.
However, that type of fraud is minuscule compared to criminals using stolen credit card information to buy goods and services.
The Internet serves as an excellent tool for investors, allowing them to easily and inexpensively research investment opportunities.
Even so called "secure transactions" are not fully secure, since the information needs to be decrypted to plain text in order to process it.
This is one of the points where credit card information is typically stolen.
The article shows a picture of a man that had been corresponding with a woman in Nigeria through a dating site, and received several fake postal money orders after the woman asked him to buy a computer and mail it to her.