The new face of cybercrime

Tuesday, 20 July 2004, 3:08 PM EST

One of the consequences of this change is spam. Who hasn't received dubious e-mail propositions from people purporting to be Nigerian merchants? Respond to them, and you risk joining a crowd of people who have lost huge sums in scams run by organized crime.

Most spammers do not intend to sell. All they want is to "phish" your credit card number. Messages now zip around the Internet purporting to come from trusted companies and asking you to "verify your account." The victim is taken to a Web site that looks genuine but is run by a fraud ring. Besides the direct loss from the stolen card numbers, this fraud damages confidence in Internet security.

By Phillip Hallam-Baker at CNET.

[ Read more ]




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