According to statistics reported by the National Fraud Information Center, 25% of consumers between the ages of 20 and 29 reported complaints of Internet fraud. The most common types of online fraud include offers of incredibly low prices, promises of benefits that seem too good to be true, guaranteed credit regardless of credit history, or prizes that require payment. If you’ve won a prize, you shouldn’t have to pay for it!
Online fraud can take the form of consumer credit card fraud, debit card fraud and identity theft. Bogus companies who are willing to take your money, but who have no actual merchandise to sell are one of the most common forms of online fraud. You think you’re purchasing something when, in fact, the “company” has no intention of ever delivering the goods. That’s why it’s a good idea to be sure of who you’re buying from when shopping online. Make sure they have a physical address and contact information that is reliable. Look for secure shopping carts and sites BEFORE you buy.
The FBI maintains a comprehensive list describing the different variations of online fraud.
