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