Web Fraud: Types and Detection of the Fraud

Web Fraud refers to any fake transaction carried out by using online services such as email, chat room, or web sites. Fake transactions on the internet are on rise. There are many different types of internet crimes whose main objective is to take apart your money in one way or the other.

Types of Web Fraud

• Phishing: Phishing is fraudulent transaction conducted to obtain personal information such as credit card details, usernames, or passwords through electronic media.
• Cyber Stalking: Cyber Stalking is where internet is used to harass a person or an organization. This may be done by reading your emails and viewing the sites you view on your computer.
• Hacking: Hacking refers to illegally accessing your computer. Hackers hack the IP address and carry out illegal transactions by using your personal information.
• Identify Theft: Somebody might try to access your personal information through your computer and carry out fake transaction using your bank accounts or credit card.
• Website Cloning: Cloning means duplication. Website cloning means duplicating a website for carrying out fake transactions. With help of website cloning the person can access your information and use the same for carrying out fraudulent transactions.

In case any fraudulent transaction occurs over the internet, web fraud reporting should be done immediately. Whenever you feel that your credit card details or other personal details have been stolen you should contact your credit card company and bank. Check all the transaction of your credit card.

In order to prevent the web fraud you need to look into ways of detecting the same.

Ways towards Web Fraud Detection

• To check whether the online merchant is trustworthy or not try to buy the goods in small quantity initially. If the online merchant does not allow you buy the goods in small quantity and insists you to buy in large quantity, then the merchant might not be authentic.
• Sometimes online merchants claim to perform services which nobody else offers. Whenever you come across such claims try to thoroughly verify the same. In case you find only one or two merchants offering same then it is sure that the online merchant is a fake.
• In case the online merchant is not offering money-back guarantee whereas others in the same field are offering it is point of concern.
• If the online merchant keeps on changing the rules mentioned then it is point of concern as no established firm will do the same so often.
• Fake online merchants will always provide with either email address or phone numbers. Whereas the authentic online merchants will provide both the information.
• You might find that the fake online merchants might not answer your mails or phone calls.