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Cyber Scam

In: Computers and Technology

Submitted By ecoie
Words 2516
Pages 11
CYBER SCAM AND ITS EFFECTS

November 27, 2011

SUBMITTED BY:
FETALVER, FRANCIS
VIOLETA, ROGENE CRIS

SUBMITTED TO:
MRS. MARY GRACE P. ALFANTA

I
Introduction

Background of the Study

Experts and law-enforcement officials who track Internet crime say scams have intensified in the past six months, as fraudsters take advantage of economic confusion and anxiety to target both consumers and businesses. Thieves are sending out phony emails and putting up fake Web sites pretending to be banks, mortgage-service providers or even government agencies like the Federal Bureau of Investigation or the Federal Deposit Insurance Corp. Cell phones and Internet-based phone services have also been used to seek out victims. The object: to drain customer accounts of money or to gain information for identity theft.

Most scams are done by e-mail (Spam). They entice users to give them critical information like usernames, passwords, credit card information, or other types of account information. Most of these e-mails can easily be identified as fraudulent, by identifying a couple of general characteristics.

If someone pretending to represent a company or organization contact you by e-mail to supply them with usernames, passwords or other critical information by e-mail, then you can be certain it’s fraudulent. Today we have something we call SSL (Secure Socket Layer). E-mail is one of the most un-secure methods to send user information and passwords. Most organizations have secure servers, which apply SSL technology to keep your personal information safe.

II
Statement of the Problem

1. What are the different types of cyber scams? 2. What are the signs of being scammed? 3. How can we avoid cyber scams?

III
Relevance of the Study

The relevance of this research to us, as an Information Technology students is that this research gives…...

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