Computer J.S.S 2 Third Term

Sub-theme: Basic knowledge of Information Technology

Week 7

Internet V

Performance Objective:

1. Student should be able to:

Mention the abuses of internet

Content

Internet Fraud

Internet fraud is the use of Internet services or software with Internet access to defraud victims or to otherwise take advantage of them. Internet crime schemes steal millions of dollars each year from victims and continue to plague the Internet through various methods. Several high-profile methods include the following:

(1) Business E-Mail Compromise (BEC):A sophisticated scam targeting businesses working with foreign suppliers and companies that regularly perform wire transfer payments. The scam is carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.