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Internet Fraud #scichallenge2017


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Internet Fraud #scichallenge2017

  1. 1. Internet fraud Turcu Alexandru
  2. 2. What is an Internet fraud? • An Internet fraud is the use of Internet services or software with Internet access to defraud victims or to otherwise take advantage of them. • Internet crime schemes steal millions of dollars each year from victims and continue to plague the Internet through various methods.
  3. 3. Methods of Internet fraud
  4. 4. Business E-Mail Compromise (BEC) • This is a sophisticated scam targeting businesses working with foreign suppliers and companies that regularly perform wire transfer payments. The scam is carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.
  5. 5. Data Breach • It is a leak or spill of data which is released from a secure location to an untrusted environment. Data breaches can occur at the personal and corporate levels and involve sensitive, protected, or confidential information that is copied, transmitted, viewed, stolen, or used by an individual unauthorized to do so.
  6. 6. • It is an interruption of an authorized user's access to any system or network, typically one caused with malicious intent. E-Mail Account Compromise (EAC) • Similar to BEC, this scam targets the general public and professionals associated with, but not limited to, financial and lending institutions, real estate companies, and law firms. Perpetrators of EAC use compromised e-mails to request payments to fraudulent locations. Denial of Service
  7. 7. Malware • This is a general term for any kind of malicious software that is intended to damage or disable computers and computer systems. Sometimes scare tactics are used by the perpetrators to solicit funds from victims. Types of malware
  8. 8. Phishing and Vishing • Phishing is a scam in which you receive a fraudulent email designed to steal your identity or personal information, such as credit card numbers, bank account numbers, debit card PINs, and account passwords. The email may state that your account has been compromised or that one of your accounts was charged incorrectly. The email will instruct you to click on a link in the email or reply with your bank account number to confirm your identity or verify your account. The email may even threaten to disable your account if you don't reply, but don't believe it. • Similar to phishing, vishing scammers also seek to get you to provide your personal information. However, vishing scams use the phone to make their requests, instead of email. You may be directed to call a phone number to verify an account or to reactivate a debit or credit card.
  9. 9. Ransomware • It is a form of malware targeting both human and technical weaknesses in organizations and individual networks in an effort to deny the availability of critical data and/or systems. Ransomware is frequently delivered through spear phishing emails to end users, resulting in the rapid encryption of sensitive files on a corporate network. When the victim organization determines they are no longer able to access their data, the cyber perpetrator demands the payment of a ransom, typically in virtual currency such as Bitcoin, at which time the actor will purportedly provide an avenue to the victim to regain access to their data. Example of a ransomware message
  10. 10. Most common types of online fraud
  11. 11. What can be done to prevent Internet fraud? Scammers, hackers, and identity thieves are looking to steal your personal information – and your money. But there are steps you can take to protect yourself, like keeping your computer software up-to-date and giving out your personal information only when you have a good reason: • Use security software that updates automatically • Treat your personal information seriously • Check out companies to see who you are really dealing with • Protect your passwords • Back up your files
  12. 12. How to protect your data from phishing Legitimate companies never ask for your password or account number via email. If you receive a phishing email there are several actions you should take: • Don't click on any links in the email. They can contain a virus that can harm your computer. Even if links in the email say the name of the company, don't trust them. They may redirect to a fraudulent website. Don't reply to the email. • If you believe that the email is valid, contact the company using the phone numbers listed on your statements, on the company's website, or in the phone book. Tell the customer service representative about the email and ask if your account has been compromised. You can also contact the company online by typing the company's web address directly into the address bar; never use the links provided in the email. • If you clicked on any links in the phishing email or replied with the requested personal information, contact the company directly to let them know about the email and ask to have fraud alerts placed on your accounts, have new credit cards issued, or set new passwords.
  13. 13. Bibliography • schemes/internet-fraud • • security

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  • BiancaMaria30

    May. 15, 2017



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