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Phishing Scams ? What to Watch For



The biggest credit fraud problem on the Internet today doesn't have to do with consumer purchases, it has to do with a phenomenon known as "phishing." Phishing is a criminal activity in which scamsters attempt to acquire personal or credit card information. Although phishing originated in the 1990s as a way to gain illegal access to America OnLine, it has progressed into one of the fastest and most adaptive credit card crimes in America.

The latest incarnations have attempted to target online shoppers and bank patrons, as well as social networking sites like MySpace or Facebook. Typically, a user will receive a "spoofed" email, a clever production made to imitate a bank, merchant or credit card company. The email will contain general information, and typically requests some sort of verification of account information, or request for personal data. Phishers have even gone so far as to imitate the IRS and capture sensitive tax data. Instant messenger and the telephone have been used to a lesser extent.

Some common tactics that Phishers use are mimicking URLs to banks or credit providers that you use. For example, a website could be set up that asks you to verify your account number and billing address. It could appear to be related to your bank, and show a web address of something like: www.creditCardCompany.fakePage.com. Unwitting users may end up simply forking over extremely account data that could, and probably will be used for identity theft. So, be weary of online solicitations of account information. Most, if not 100% of banks and credit card providers have a strict policy to never solicit personal account information online.

How to Respond to Phishing

The Federal Trade Commission began prosecuting phishing crimes in 2004, with mixed success. If you become a victim of phishing you should contact them, your local police, or the FBI immediately. Also, it goes without saying that you should close any account that may be tampered with, and contact your credit providers immediately. Finally, make sure to contact the three major credit reporting bureaus to have a fraud alert posted on your credit report.

In 2005 Senator Patrick Leahy introduced the Anti-Phishing Act of 2005. It is a bill that doles out severe criminal penalties to anybody convicted of creating fraudulent emails or websites in order to illegally gain information or financial reward. Phishing is now a federal crime, and the Secret Service and FBI are more aggressively pursuing it.

The basic and obvious steps to prevent yourself from becoming a victim of phishing is to not respond to email or Internet solicitations for your personal account information. In fact, as your browser can be manipulated by Javascript, you ought not even open unsolicited mail or junk mail. The best possible tip you can follow is that if you see a request from a creditor or bank you do business with, you should contact them by phone or in person to discuss the online solicitation. Verify their intentions, but do so using customer service contact information you already have in your account informations ? that is to say, don't use the "contact" phone number from the suspicious email.

For more information on phishing and Internet fraud, visit www.ftc.gov.
Pay Online With Credit Card
Almost all of the online stores that I shop at require a credit card. I don't know of any that doesn't require one. The use of a credit card also helps protect you from any fraud in the case of not receiving what you ordered; shipment is lost during delivery, etc. Most credit card companies will cover this kind of stuff.

Looking partially to shop for things online and partially to sell things. But I guess both would stem from my buying things online, so I'll start there. I have a lot of wealthy friends who love to look for bargains, so I recently decided to try doing some sales. Anyway, I have looked all over the place and have found some interesting deals. Basically want to find a site somewhere that has very good wholesale prices, like maybe something that some type of dealers would use I guess, on a variety of things.

My friends, as well as myself, are interested in buying many different things. They are mostly interested in electronics, video games, sunglasses, and watches. I am interested in those as well as clothes. I want to find these at the best possible wholesale prices so I can order them and then resell them to others. I would not be keeping any inventory. People would just be telling me what they're interested in and I'll try to find a good deal on it, order it, and then mark the price up a bit and sell it to them, so I can make some profit but still give them a good deal. An added bonus would be if there were a phone number I could call to get a price for a specific item, as I am not always able to get to a computer or a catalog.

Generally speaking, the idea of buying things for wholesale, in other words, low, prices and retail them to your friends at street prices is good. You have a demand from your friends and you have the source where to buy the needed items. The problem is to keep the balance between the profits from the trade; sure you want it to be the highest possible, and the risk of loosing money-buying things on the Web at a very low price.

Online price may differ from merchant to merchant as much as. Two or three years ago there was a company that announced to be the first online merchant selling under wholesale price, it used the advertising model of profit. Despite of that, I found some items like cameras, I checked prices and found that they were cheaper at other companies on the web due to running promotion of those items. It is funny that very popular shopping, price comparison, does not detect the lowest price if this price corresponds to running promotion at merchants' site. To minimize the risk, it is very useful to evaluate the merchant where to buy. There are companies that do the job of merchants' ratings very well. If you find the lowest price, you'll be able to assess the merchant, for example, whether its customer service is good enough, to make the final decision.

As to me, I use the golden middle reasonable discounts and low risk. I have chosen about 200 merchants whose solidity I am aware of. You can do the same. Then I traced promotional offers (coupons) for those merchants. My profit was 20-30% with every sale and completely no problems with wrong orders and refurbished items. I found that a lot of purchase through my website is performed by customers ordering 5-10 of the same items at ones. Sure they were of your kind of guys making their own profit. There are a lot of people out there that like to do the same thing and just buy wholesale and sell them. But there are others out there that buy wholesale because they have a big family to feed or they are just on a set beget and that is the only way that they can get what they need for there family if they buy if wholesale. But like I said just go and look around and see what you come up with check out there web site get the name and then go from there.

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Edward Vegliante has sinced written about articles on various topics from Credit Cards, American Express Card and Student Credit Cards. To find Online Credit Card Offers, click the following link: . Edward Vegliante's top article generates over 60500 views. to your Favourites.

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