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Beware! E-Commerce and Online Frauds are Still Around
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By Rudy Richardson

What you see is what you get (WYSIWYG) is not entirely true with online shopping. Money has taken on an entirely new dimension with money wire transfer, electronic funds transfer, and various on-line transactions. Internet was not created to be a secure medium for transmission of information. Money transactions on the net had attracted hordes of fraudsters. E-commerce sites, banks, credit card companies and other financial institutions have reported a number of attempts at hacking on their servers and sites. Some of these hacking attempts have been successful and these companies quickly resulted in damage control exercise. New methods have been devised by these fraudsters and one such method is called social engineering. This depends on instilling a fear or the fraudster appearing as a genuine party and extraction of credit card as well as other financial information through email (phishing). Another recent method is


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