There is a thriving underground economy facilitating cybercrime. According to a Rand Corporation report, cybercrime now generates more profits than the drug trade. In this presentation by Juniper networks titled “From Underground City to Thriving Metropolis – An Economic Analysis of Cyber Black Markets” they give a high-level overview of an extensive cybercrime underground. The presentation is easy to follow and appropriate for non-technical folks.
Consumers have been reporting getting emails purportedly from the FTC saying they’ve won a sweepstakes and asking for a fee in advance. Sweepstakes scams are another form of an advanced payment scam.
Here’s what the FTC says about sweepstakes scams:
- The FTC doesn’t oversee sweepstakes.
- No federal government agency will contact you to ask for money so you can claim a prize.
- If you enter and win a legitimate sweepstakes, you don’t have to pay insurance, taxes, or shipping charges to collect your prize. If you have to pay, it’s not a prize.
Don’t fall for this one. If your hear a friend mention winning an online sweepstakes, let them know about the dangers of sweepstakes scams.
Find out more about what the FTC has to say about sweepstakes scams at: http://www.consumeraffairs.com/news/beware-of-this-ftc-sweepstakes-letter-scam-040215.html
Beware of IRS scam phone calls demanding immediate payment. Check out this video from AARP showing how the scam works.