Net fraud is tangled web for victims, police

Tuesday, 4 June 2002, 1:49 PM EST

As you read this, hundreds of crooks are trolling the Internet for victims. Their get-rich-quick schemes clog e-mail inboxes and online bulletin boards.

Odds are they won't get caught.

An FBI-led Internet fraud task force received 49,711 complaints last year. Of those, 93 ended in an arrest.

Local police see most Internet fraud as outside their jurisdiction; federal authorities see most of it as too small to pursue. In the wide-open world between, online scammers are making fortunes -- and victims are losing more than $500 million a year.

[ Read more ]

Related items




Spotlight

Harnessing artificial intelligence to build an army of virtual analysts

PatternEx, a startup that gathered a team of AI researcher from MIT CSAIL as well as security and distributed systems experts, is poised to shake up things in the user and entity behavior analytics market.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Tue, Feb 9th
    COPYRIGHT 1998-2016 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //