Online scams: Top 5 best of the worst

According to recent studies, more targeted, monetarily driven malware attacks are now the trend. As technology improves to counter these attacks, look for criminals to fall back on social engineering tactics. Be prepared for online scams to be repackaged as updated and more targeted attacks.

A quick look at leading online scams, which account for billions of dollars in annual losses, shows that Internet users remain vulnerable to incredible offers. Through Web pages and email, people are asked to provide money to claim prizes, liberate fabulous sums from escrow, take advantage of financial mistakes and other never-fail "free money" deals. A fundamental principle is the watchword for this phenomenon: "If it sounds too good to be true, it probably is."

According to a recent report from the FBI and the National White Collar Crime Center, who operate the Internet Crime Complaint Center (IC3), online crime complaints nearly doubled from 2003 to 2004. Though they identify a sizable list of online scams, here's a solid "top 5" slate to ponder...Online scams: Top 5 best of the worst

Linked by shanmuga Friday, 30th June 2006 1:52AM