Online Auction Fraud Research Paper Example | Topics and Well Written Essays - 1250 words

Online Auction cheat - Research Paper ExampleAfter the invention of the computer, various networks were made to ensure the computers were able to transcend with each other. As time progressed, developments were achieved in the application of the meshing in business transactions except the systems in place were not in a capacity to handle all the needs. This provided loopholes for the commission of cyberspace crimes by criminals, as they would hide the identity while undertaking their attacks thus leaving limited prove of themselves. In mid-1990s, the internet frauds had increased to alarming rates and researches on the ca white plagues of the rapid growth and how it could be curbed were conducted. During the plosive consonant towards the end of the twentieth century, the dot.com era, which was manifested by increased use of internet by organizations and people, resulted in increase of internet fraud. Due to the continuous technological advancement, the internet frauds have bee n on the increase with the current number of frauds being around three times those conducted in mid-1990. There be two types of internet fraud to wit offline and online. In offline fraud, the criminal usually steal individualized data mostly financial and use it to take away transactions. In the online fraud, criminals pose as esteemed institution and thus receive personal data, which they illegally use to make transaction. Some of the commonly employ internet fraud include international modem dialer, investment schemes, keep in line legal schemes, market manipulation work at home schemes, pharming, phishing, sell, and online shopping. This paper seeks to give an in-depth analysis of auction internet fraud. Online Auction Fraud Due to the continuous technological development, the internet has provided a platform in which direct interaction of the buyer and the vender is not necessary for a transaction to be efficaciously completed. Criminal have used advantage of this wh ere they misrepresent a product advertised for sale done the internet auction site, fail to deliver the item, or deliver an item but not as specified by the customer after receiving all the money as stipulated in their agreement with the customers. This is usually defined as online auction fraud. To avoid one being a victim of such activities, it is practically advisable to undertake a business transaction with companies or individuals one is well conversant with, all the way understand the contract terms, read the privacy policy and use the most secure means of remitting personal information (Royal Canadian Mounted Police, 2006). Methods of victimization Since the internet auction process involves bidding by the raise parties, some people use this opportunity to victimize their target customers. Some of the most commonly used victimization methods include Non-delivery- this usually occurs when one puts an item for bid whereas no such item exists. Therefore, patronage the custom er satisfying all the conditions set, he will never get the item (Anon, 2009.). During the transaction, the sellers get the financial details of the customer and thus may use them to exploit him/her further. Misrepresentation- this is mainly executed by repair the actual details of an item in order to win a customer. In most cases, the images are used since they can easily be manipulated. Triangulation- this is somehow technical and involves a person buying something from an online seller using stolen details.