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Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. [ 1] Internet fraud is not considered a single, distinctive crime but covers a range of illegal and ...
Description. Knockoff Sharpie named "Skerple". A counterfeit consumer good is a good —often of inferior quality—made or sold under another's brand name without the brand owner's authorization. The term counterfeit, fraudulent, and suspect items (CFSI) is also used to describe such goods. [ 2] Pirated goods are reproductions of copyrighted ...
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping.
The average incidence of suspected digital shopping fraud during the Cyber Five days -- the days from Thanksgiving, Nov. 23, through Cyber Monday, Nov. 27 -- was up a whopping 12% in the U.S ...
The term Cyber Monday was coined only about five years ago -- but that day of frenzied online shopping, coming on the heels of the Thanksgiving holiday weekend, is already a major part of U.S ...
Fraud detection is a knowledge-intensive activity. The main AI techniques used for fraud detection include: Data mining to classify, cluster, and segment the data and automatically find associations and rules in the data that may signify interesting patterns, including those related to fraud. Expert systems to encode expertise for detecting ...
Consumer fraud are deceptive practices which result in financial losses of consumers. Common fraudulent tactics include false promises and inaccurate claims, as well as outright cheating . [1] [2]
Friendly fraud, also known as chargeback fraud occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services. Once approved, the chargeback cancels the financial transaction, and the consumer receives a refund of the money ...