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    Final Team Project Slides

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    The document proposes a solution to mitigate the risks of internet fraud and identity theft. It notes that millions of Americans fall victim to these crimes each year as technology grows. The top 8 internet crimes in the US in 2019 are identified. The proposed solution is to create an automatic alert program that notifies users of potential scams based on an algorithm or existing database of known scams. The success of the program could help lower the billions lost annually to internet fraud and better protect users' data and privacy. Cooperation from corporations may be needed as many scams involve impersonating brands. Recent increases in online activity during the COVID-19 pandemic have also led to a rise in internet fraud and thousands of new scam websites daily.

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    Final Team Project Slides

    Uploaded by

    api-545296786
    176 views8 pages
    The document proposes a solution to mitigate the risks of internet fraud and identity theft. It notes that millions of Americans fall victim to these crimes each year as technology grows. The top 8 internet crimes in the US in 2019 are identified. The proposed solution is to create an automatic alert program that notifies users of potential scams based on an algorithm or existing database of known scams. The success of the program could help lower the billions lost annually to internet fraud and better protect users' data and privacy. Cooperation from corporations may be needed as many scams involve impersonating brands. Recent increases in online activity during the COVID-19 pandemic have also led to a rise in internet fraud and thousands of new scam websites daily.

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    The document proposes a solution to mitigate the risks of internet fraud and identity theft. It notes that millions of Americans fall victim to these crimes each year as technology grows. The top 8 internet crimes in the US in 2019 are identified. The proposed solution is to create an automatic alert program that notifies users of potential scams based on an algorithm or existing database of known scams. The success of the program could help lower the billions lost annually to internet fraud and better protect users' data and privacy. Cooperation from corporations may be needed as many scams involve impersonating brands. Recent increases in online activity during the COVID-19 pandemic have also led to a rise in internet fraud and thousands of new scam websites daily.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    176 views8 pages

    Final Team Project Slides

    Uploaded by

    api-545296786
    The document proposes a solution to mitigate the risks of internet fraud and identity theft. It notes that millions of Americans fall victim to these crimes each year as technology grows. The top 8 internet crimes in the US in 2019 are identified. The proposed solution is to create an automatic alert program that notifies users of potential scams based on an algorithm or existing database of known scams. The success of the program could help lower the billions lost annually to internet fraud and better protect users' data and privacy. Cooperation from corporations may be needed as many scams involve impersonating brands. Recent increases in online activity during the COVID-19 pandemic have also led to a rise in internet fraud and thousands of new scam websites daily.

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    Final Team Project:

    Mitigating Risks of Internet Fraud and


    Identity theft

    Group A2:
    Megan Achurra, Jacob Carleton, Devin Hartley, Milton Ingraham
    Problem Statement

    Each year millions of Americans


    are the targets of internet fraud
    or identity theft. This is an
    unfortunate side effect of using
    technology. As technology grows
    so does the amount of crime.

    Top 8 Internet Crimes in the US in 2019:


    Phishing > Non-Payment/Non-Delivery >
    Extortion > Data Breach > Spoofing > Email
    Compromise > Romance Fraud (Catfishing) >
    Identity Theft
    Our Solution
    - Creating a program that automatically alert users that there is a
    potential scam going to happen. These scams are those that can
    either be undoubtedly proved as scams by the algorithm or have
    already been stored in the program database as a scam.
    Possible Influences
    Corporation cooperation COVID-19
    - Corporations would need to be willing to ﹘ As people have been forced to interact
    cooperate with our service in order to more with the Internet due to restrictions
    properly deal with scams. related to COVID-19, Internet fraud has
    increased.

    - There is an incentive for corporations to


    cooperate, as many scams involve a ﹘ Since the beginning of the year, an average
    scammer falsely claiming to be associated of 18,000 new scam sites have been created
    with a major corporation in order to gain the every day.
    victim’s trust.
    CONCLUSION
    ● This program can help mitigate internet fraud completely!

    ● Protecting Data is a main priority.

    ● This program will also help lower the billions of dollars lost
    due to internet fraud
    qUESTIONS?
    References

    Federal Bureau of Investigation IC3. (2020). 2019 Internet Crime Report. FBI and IC3 Seals. Retrieved November 29, 2020, from

    https://www.ic3.gov/Home/AnnualReports

    Business Wire. (2020, November 24). Bolster’s Q2 and Q3 2020 State of Phishing and Online Fraud Report: Cybersecurity Facing a

    Scale Crisis with more than 18,000 Scam Sites Created Daily. Business Wire. Retrieved November 29, 2020, from

    https://www.businesswire.com/news/home/20201124005317/en/Bolster%E2%80%99s-Q2-and-Q3-2020-State-of-Phishing-

    and-Online-Fraud-Report-Cybersecurity-Facing-a-Scale-Crisis-with-more-than-18000-Scam-Sites-Created-Daily

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