Malware: The use of malicious software to damage or disable users’ devices or steal personal and sensitive data.Denial of service (DoS): Interrupting access of traffic to an online service, system, or network to cause malicious intent.This includes data being stolen from users and organizations. Data breach: Stealing confidential, protected, or sensitive data from a secure location and moving it into an untrusted environment.Phishing and spoofing: The use of email and online messaging services to dupe victims into sharing personal data, login credentials, and financial details.Internet fraud can be broken down into several key types of attacks, including: This includes malicious software, email and instant messaging services to spread malware, spoofed websites that steal user data, and elaborate, wide-reaching phishing scams. These laws also prohibit eliciting personally identifiable information (PII) via the internet by pretending to be a company under the Anti-Phishing Act of 2005.Ĭyber criminals use a variety of attack vectors and strategies to commit internet fraud. States like California also have anti-phishing, credit card fraud, unauthorized computer access, and identity theft laws. § 1343 that covers general cyber fraud and can carry a punishment of up to 30 years in prison and fines of up to $1 million depending on the severity of the crime. For example, federal law has the controlling statute 18 U.S.C. Internet fraud offenses are prosecuted under state and federal law. And the figures continue to increase as internet usage expands and cyber-criminal techniques become more sophisticated. Internet scams that target victims through online services account for millions of dollars worth of fraudulent activity every year. The term "internet fraud" generally covers cybercrime activity that takes place over the internet or on email, including crimes like identity theft, phishing, and other hacking activities designed to scam people out of money. Internet fraud involves using online services and software with access to the internet to defraud or take advantage of victims.
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