| There are many threats from hackers and con artists | | | | hackers will gain access to secured financial |
| when a company does business online. Here are | | | | information and credit card data and use this to |
| some of the main types of fraud: | | | | purchase products and transfer money to their own |
| Supplying fake products: | | | | accounts. This can be done so cleverly by an |
| Fraud can occur at the very outset of your business | | | | experienced hacker that the trail is impossible to follow. |
| when you try to contact a supplier for the product that | | | | The FBI has been involved in many cases that involve |
| you have chosen for your online business. The supplier | | | | large amounts being stolen in this way and often are |
| turns out to be untrustworthy and disappears with | | | | unable to locate culprits. It is essential to have plenty of |
| your money leaving no trace and no hopes of a | | | | security and use the services of established players in |
| business. This type of fraud is similar to anything that | | | | the market such as Pay Pal, etc. |
| can happen in the brick and mortar world of business | | | | Click fraud: |
| as well. Remember that almost anything that can | | | | Business Week has reported the sharp rise in click |
| happen in the real world can happen in the virtual world | | | | fraud as one of the growing problems with doing |
| too, so take the same precautions that you would as | | | | business online. It implies the software that is now |
| for an offline business. | | | | available to fake clicks on an advertisement online, |
| Clones: | | | | which results in incorrect statistics about the popularity |
| A common problem that more established businesses | | | | of the site and the number of visitors. Since online |
| face is clone businesses that set up with similar | | | | business sites pay per click, the advertiser ends up |
| sounding names and logos. These businesses will often | | | | paying much more money than he should. Many |
| target your trading company's clients, and make no | | | | unethical affiliates and advertising agents use this type |
| mistake; they are after your business specifically. This | | | | of fraud to make a lot of money. |
| can create a number of problems for the online trading | | | | Phishing |
| business, since there is a lack of physical interaction | | | | A common hacker practice online, Phishing or |
| with the customers and it is easier to pull this off. | | | | password harvesting has acquired a special name. It is |
| Customer can become confused and either leaves | | | | a technique used by hackers via email or Instant |
| you for the other company unknowingly or be put off | | | | Message to subtly and creatively find out an |
| by the incompetence of the other company and blame | | | | unsuspecting person's financial and personal |
| your business. It is a headache for many companies | | | | information. Sensitive data such as passwords, |
| that operate solely online. | | | | account names and numbers, credit card details, social |
| Credit card fraud: | | | | security numbers are smoothly extracted with the help |
| This is the most wide spread type of fraud by | | | | of a little social engineering practices. Phishing hackers |
| hackers and is not limited to the web. But operating | | | | are known to pose as government bodies to defraud |
| online does make it easier for a hacker to find a | | | | even online businesses of access to their databases. |
| weakness in your system and exploit it. Most times, | | | | |