internet fraud Question And Answer
Internet Fraud: Why are people still falling prey? Why cannt EFCC prosecute both the fraudstar and the frauded
the one defauded is taking a chance incase the fraudstar's input is geniune hoping to reap where he did not sow. Wanting to use one dollar to make a thousand dollars which in it self is fraud. or what do you think
Answers
If this were the game show "Jeopardy," I would respond in the form of a question: "Who was Phineas T. Barnum!"
P.T. Barnum is the man usually credited with the saying: "There's a sucker born every minute."
As this quote so pithily emphasizes, it is that explosive mixture of greed and stupidity that fuels internet fraud. And because of the power of the law of supply and demand, the federal government will be no more successful that it has been in dealing with drug traffickers when it tries to reduce the supply of internet fraudsters. So long as the demand is there, in the form of suckers waiting to be separated from their money, we'll always have fraud.
When I read Anne Marie's answer, I immediately thought of the Billions that have been stolen from the Federal Government -
that makes the Government the biggest sucker.
For example, the moneys voted for Iraq - it was handled as actual currency with no paper trail, no accounting and much of it was stolen.
For some reason, people seem to trust things posted on the Internet, or that they receive via email waaaaay too much.
Probably because of the newness of it, or because it represents "the world medium".
Next, many phishing schemes have become quite convincing. People use computers and the Internet, but have no clue how it all works, much beyond "click here".
While there are those who fall prey to schemes which basically take advantage of the fact that some people are inherently greedy, by far the largest percentage of Internet fraud is committed by preying on the fact that people are simply very ignorant about all things computer. Which includes law enforcement, who are just now starting to understand that they need to trust and hire the geeks to aid them in performing investigations.