The Top 4 Internet Scams Today
Michalis 'BIG Mike' Kotzakolios


Defined Tag: Internet Scams.

Because of the advent of Internet technologies and the increase in popularity of the Internet, both unaware merchants and consumer alike, become victimized by Internet scams. Internet scams abound the market today that the Federal Bureau of Investigation or FBI even have its own webpage for internet frauds and scams.

The most popular internet scam being reported recently is the click fraud. An advertising network affiliate conducts the click fraud to earn more money than usual from such click advertisers as Google. This type of scam is done using spywares that artificially clicks on the advertisement link. The number of bogus clicks done on the link translates to as much as US$ 100 per click.

Another Internet scam is phishing. Phishing is the modern-day persuasion scheme that acquires sensitive information from a private individual by mere establishment of rapport or by posing as a legitimate and trustworthy company or entity. Sensitive information such as passwords or credit card numbers and details are the most common target of phishing attacks. Phishing goes hand-in-hand with spamming since a fraudster committing phishing should have more than one prospect to increase his success rate.

There is the Internet scam that includes online auction and retail schemes. Legitimate-looking websites offer goods and products but fails to deliver them to the buyer. An example scam site is marselle.com which never delivered the goods even after customers have sent payment.

Another noteworthy Internet scam is the pump-and-dump scheme employed in stock trading. The trick is to use marketing power by disseminating false info in forums and other public locations "pumping" its stock sales. After a certain level is reached, the fraudster sells or "dumps" his stocks earning a profit as the stock price slides down to its average price after the hype.

An Internet scam can be a combination of phishing, spamming in an online auction and retail setting. Regardless of a new face or technology, Internet scams aim to fool online visitors into doing an action or providing sensitive information to the benefit of the scammer.

BIG Mike is a well known author, developer and Adsense expert as well as the owner of Niche Maniacs - a unique Adsense Marketing System designed to build long-term passive income streams from Adsense, Amazon, YPN, Chitika and other PPC services.