Fraud in a very general term is the crime of deceiving a person in order to get them to give up something in value, usually money and usually to the criminal himself or a group of criminals. This paper will be discussing cybercrime fraud, specifically cybercrime auto fraud, the type of scams associated with cybercrime auto fraud, the criminal profile of a cybercriminal fraud, law enforcement initiatives to combat this type of fraud and the penalties that go along with committing this type of fraud.
The Fraud
A person can purchase almost anything over the internet to include automobiles, whether it is in that person’s hometown, across country, or even across the world. While most of these automobile transactions that occur are legal, some are committed by criminals to trick their victims into falling for a scam. There are several different scams that involve automobiles and cybercrime. Some of these include Baiting, Faking to be a dealership, misleading or stolen identity, and impersonation email scams, all to get an unsuspecting person to give up different amounts of money when dealing in automobiles. The biggest and most common of these scams is the baiting scam. How this specific scam works is that the consumer looks to buy a vehicle online and finds one that he or she likes on a legitimate website. The buyer then contacts the seller through and email address listed in the advertisement. The seller will normally respond by email with a heart wrenching story about why they need to sell the vehicle quickly and for such a good price, these stories vary but sometimes include that they are in the military and are being deployed, or that they are moving across country and need the money. The seller then offers a buyer protect...
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... of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation occurs in relation to, or involving any benefit authorized, transported, transmitted, transferred, disbursed, or paid in connection with, a presidentially declared major disaster or emergency (as those terms are defined in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122)), or affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.")” (SHouse Law Group, 2013)
A fraud is a wrong action, which is basically deprivation of the legal rights from an individual. Fraud is seen at various instances of life. There are a number of frauds that occur and every case has different rights being deprived from an individual. When frauds take place, some legal authority has to intervene and take the necessary action. The legal authority is granted with the power to decide the right that has been taken from the victim and identify the compensation to be given to the individual on behalf of the party, which has made the fraud. In this report, I will discuss some cases in which fraud caused some issues and deprivation of the basic legal rights of an individual thus resulting in
Identity theft is a term used for describing criminal that uses individual’s identity without consent. A common crime of identity theft would be identity fraud. Many of the crimes are regularly connected with money-related issues (Reyns, 2013). With technology being commonly used nowadays we are getting more dependent on it for business, financial, medical, and other forms. As a result this became a target for identity thieves as well. The Internet provides us information and accessibility, but information being stored on the Internet eas...
Identity theft is no new problem in our world. It has occurred for decades and only grows more popular with criminals. Due to our world’s expanding technology, identity theft is becoming easier to commit and harder to detect. Luckily as the criminals technology becomes more advanced, so does out justice system’s technology to help fight the crime. The number of criminals that engage in the fraud and thievery will only grow due to the lucrative nature of the crime, but also will the forces that are established to stop them. This white-collar crime will gain more attention and therefore more laws will be passed to protect the public from becoming victims. With the use of laws, task forces, and the education and awareness of the public, identity theft will be given more attention and focus to hopefully deter future threats from occurring.
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These frauds take place because many people leave their vehicles unattended at shops or can’t see what is going on inside the garage. Many times a p...
Thieves who sell stolen car parts to body shops, smuggle popular cars out of the state or change identification numbers and sell the cars within the
Fraud and white-collar crime are common forms of crimes that people commit in various aspects and positions in the corporate world. Fraud and white-collar crimes have similar meaning as they refer to the non-violent crimes that people commit with the basic objective of gaining money using illegal means. The cases of white-collar crimes have been increasing exponentially in the 21st century due to the advent of technology because fraudsters apply technological tools in cheating, swindling, embezzling, and defrauding people or organizations. White-collar crime is a complex issue in society because its occurrence is dependent on many factors such as organizational structure, organization culture, and personality traits. Thus, the literature review examines how organizational structure, organizational culture, and personality traits contribute to the occurrence of white-collar crimes.
Every day millions in some cases billions of dollars are made by businesses from income brought in by online sale of products and services. As businesses continually develop and expand their client base with online products and services so does the desire by criminals to exploit vulnerabilities in their e-commerce setup. The mass worldwide internet usage growth within the last 20 years has been “an approximate 16 million users in 1995 to an estimated 2,937 million in March of 2014” As the importance of e-commerce increases so does the need to protect the technological infrastructure that will carry out online transactions for each business regardless of its size. I will attempt to highlight and review the history of a few cyber crimes to show the progression of the crimes within the last 30-40 years. I also plan to review how the economy and consumers are impacted by cyber crimes. Finally I will make an effort to contribute with information gathering on how to lower the risk of a cyber attack from and individual user to a large scale business.
Just as traditional criminal activities, cybercrime can take many forms and occur virtually anytime and anywhere. Criminals committing cybercrime use very different methods, depending on their abilities and goals. This should not surprise anyone after all cybercrime is merely an activity "criminal" to the ingredient that adds a computer or an electronic network for its commission.
Every day, citizens are constantly losing money and being victimized due to these fraudulent activities. Cyber crime, including fraud, identity theft, stalking, and hacking, is a growing problem that can be prevented by taking the proper precautions. The biggest cases of cyber crimes are cases of fraud. Online fraud comes in many forms. It ranges from viruses that attack computers with the goal of retrieving personal information, to email schemes that lure victims into wiring money to fraudulent sources” (What is “online fraud”).
Cyber crime has become an important concern for not only the business firms, government, law enforcement agencies but also for the common people because these kinds of issues are related to the consumer’s day-to-day activity (Polivanyuk, 2005). Due to these types of crimes, consumer’s money, children, business organization’s integrity, consumer and company’s privacy, etc. are in danger.
Cybercrime refers to all forms of crime conducted through a computer or a mobile device using computer networks. It is thus the use of a computer with the aim of intercepting and manipulating content, disrupting communication, stealing or generally destroying others’ information or hardware through a network. Although cybercrime is a worldwide problem and affects both small and big companies, small companies are affected more from the dangers of cybercrime. The rapid advancement in technology is causing tremendous problems to businesses in terms of more sophisticated cyber-attacks. This project is interesting and beneficial because it enlightens one on the dangers of cybercrime, thus preparing individuals to know how to prevent attacks while online, how to reduce the effects of a cyber-attack and how to prevent future
Internet auction fraud is the most dangerous online crime but receives no attention from people. It does cause the victims to suffer losses but most of them fail to report the crime to the authorities. The internet auction fraud is a serious crime when it was reported to be the number one online scam by the U.S Federal Trade Commission in 1997. In 2001, 70% of fraud cases were reported to Internet Fraud Watch. When people do not know the danger of its existence, no precautions to avoid it are taken. Some of the concerned victims reported the fraud to the auction house. But it was shocking that even the auction house themselves do not realize the bad impacts of this crime. Mostly, it was because of the reliance of the auction house on the auction participants to take their own precautions even though they had no knowledge about the auction fraud. Most of the victims decided to stay silent and not reporting the crime to the authority because of some reasons.
Cybercrime is a global issue plaguing the world. The dictionary defines cybercrime as “crime conducted via the Internet or some other computer network”(Merriam-Webster). The definition remains very broad because the word “cyber” is defined as “relating to the culture of computers, information technology, and virtual reality.” Due to the growing number of people gaining access to the internet, rapid development of technology, and the globalization of the world, more of the world population is becoming susceptible to involvement in cybercrime – whether it be as a victim or a criminal. Cybercrime involves different levels of the world on both the victim and criminal side, from an individual citizen, to small groups, businesses, and the government, to the countries of the world.