Phishing and software-based investment scams are the targets of warnings sent out today by the Australian Securities and Investments Commission to mark National Consumers' Day.
With 21 million items listed on its Web site every day, it is easy to tell why eBay has become the favourite target for organised e-scams in Australia. The NSW police reports that over the past 12 months, 600 people have been victimized by fraudsters on eBay. However, Katrina Johnson, eBay Australia Trust and Security Director, says "Because we are a large site, we get reported more but it does not necessarily mean we are getting targeted by organised crimes. There is really no organised crime targeting eBay per se but sometimes it just comes out different in the media."
Regrettably, 2003 proved to be a year in which online scamming elevated itself to new heights, with inexperienced, gullible or just plain unfortunate individuals facing a minefield of potentially expensive schemes.
Forget for a moment what you've read about techno-savvy twentysomethings making a fortune on initial public offerings.
Information technology is here to stay, but if some critics in the general public had their way, we'd be forced to drop a lot of our jargon. Be they acronyms, chat abbreviations or sickeningly cute terms, they're everywhere. Some are sensible because they replace a very long concept with something short and easy to use. Some are almost as complicated as what they stand for.
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