Three men were charged with cyber fraud by a United States grand jury. Their scheme involved using phony Internet ads claiming, to unsuspecting people and businesses, their computer was infected with virus, malware and other malicious software. The perpetrators claimed the malicious software could wreck havoc on personal computers and offered various "products" to help remove the software. Their "product" had no function other than deceiving victims out of money. It is estimated the three men stole over $100 million.
This type of cyber fraud scheme is one of the fastest growing types of Internet fraud. As a business, you must be proactive and understand the threats that exist to your business. In understanding your threats, it is imperative for your business to have a comprehensive fraud prevention plan in place to protect against known threats and prepare for the unknown attacks.