2006-2007 has been the years that online shopping has come into its own with online consumers spending a record $65.1 billion in merchandise via the web. More and more people are getting comfortable with online shopping and are engaging in online shopping, research and exploration of various membership and subscription sites.
Unfortunately, the chances of becoming a victim of Internet fraud also increases with every site where personal information is places. The Internet National Fraud Center Watch recently reported that the average loss due to fraud the first six months of 2006 was $2,579. This is compared to the $895 average for all of 2005. Complaints relating to general merchandise purchases (goods never received or misrepresented) accounted for 30% of Internet fraud complaints, and auction purchases (goods never received or misrepresented) topped the list at 44%.
One of the big scams in 2006-2007 is the investment scam. Investing has always been thought of as a good way to build a nest egg for retirement, but there are so many investment schemes offered via the Internet that you don’t really know which one is correct for you. Further, there are so many...
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