Whether you like it or not, people do get ripped off all the time. When the rip-off results in some form of financial harm, then it is called fraud. There are a lot of different types of online fraud. You can become the victim of online credit card theft, incur financial losses due to internet auction fraud or be victimized by unscrupulous online retailers.

Phishing is evolving into the most potent form of online fraud. Phishers can “phish” out your usernames, passwords, and other sensitive information, if you are not careful.
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The Internet auction sites have now become another playground for fraudsters and miscreants. Here, the motive of the perpetrator is to con you out of your hard earned money. This just goes to show that sometimes, online merchants can be more diabolical than their real life counterparts.
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We have all heard about the chain-letter fraud scheme that seems to get better the more people join. Many are under the impression that whatever sum of money they put in is nothing compared to the windfall waiting for them, not knowing that even the trifle sum spent has an astronomically high chance of landing in the fraudsters pocket.
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The Late General Abacha has some credit for earning this particular type of fraud scheme its name. Good natured Samaritans are the most likely to fall into the financial webs spun by the perpetrators. As statistics have shown, there are far too many Samaritans in this world.
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