Internet fraud is much more than conventional fraud taken online. In fact, it is much more powerful than conventional fraud because the perpetrators of Internet fraud, (or any types of internet crime) could operate from anywhere in the globe! This makes them very difficult to track and they take full advantage of this. Ever since banking went online, fraudsters have emerged, seemingly from the woodwork, all over the globe. And they are hitting people like you and me with impunity, and more shockingly, indulging in internet fraud worth billions of dollars. The modus operandi, (or M,O) of Internet fraud operators is simple. Most fraudulent online offers promise money or discounts – things that most people cannot resist. Others offer loans, mortgages and financial services (even if you hold bad credit ratings!) Still others lure you with promises of getting you that unsecured credit cards, fourth mortgages and other goodies. But remember, no legitimate business will want to have dealings with you if your credit history is bad – and that unsolicited e-mail that promises you the heaven and the earth, is surely a prime example of Internet fraud.