Financial fraud in the Internet

Development of the Internet and rapid improvement of global communications, associated with this process, bring into our life a lot of new aspects, including those which are connected with the appearance of new kinds of crimes. An Internet fraud is a modern type of traditional fraud, but it has some specific features and characteristics. Learning these specific features is necessary for theoretical investigation of this phenomenon and for elaboration of some practical recommendations to prevent such a crime. A variety of modes of committing an Internet fraud is caused by specificity of the Internet itself, which offers a wide range of different recourses: from a possibility to set up a web-site, sending/receiving e-mails to Internet trading, purchasing and selling stocks. Examination of the situation with different criminal schemes in the Internet necessitates national and international legislative efforts to be able to fight this crime

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