Fundamentals of Criminal Law
November 8, 2012
The Dangers of Internet Fraud
Internet crime has become a global threat of vengeful cyber actors and millions of people in the United States are victims of Internet crimes each year. As more businesses and homeowners use web-connected devices, their connection to the Internet also expands cybercriminalâ€™s target market. Cybercriminals typically commit the crime as to steal money or valuable information, although financial gain is not always the intention. Some Internet crime associated with cybercriminals aim for â€œbragging rightsâ€ by overcoming government and corporate cyber security measures. The Federal Bureau of ...view middle of the document...
com, a man named David Camez was found guilty for embezzling funds. Camez paid to tap into the network to collect compromised credit card numbers and stolen identities. According to prosecutors, hundreds of thousands of Americans and several financial institutions we victimized, which had more than 7,800 members worldwide. The group that Camez was affiliated with was alleged to have committed more than $50 million worth of financial fraud. Out of 210,000 stolen credit and debit account numbers recovered by federal agents, Camez had close to 2,000 compromised account numbers in his possession. During this case, it was the first time the Justice Department had used federal racketeering statutes to go after cybercrime syndicate. Racketeering is when organized groups run illegal businesses, known as â€œrackets,â€ or when an organized crime uses legitimate organizations to embezzle funds. The federal government and some state governments have created laws designed to prosecute cybercriminals like David Camez.
Laws concerning computer crimes have been enacted at the state and federal levels. Congress passed the Computer Fraud and Abuse Act (CFAA). As Internet technology advances, this law gets amended and expanded and continues to form the basis for federal prosecutions of computer-related criminal activities. Other federal statutes include the Electronic Communication Privacy Act (ECPA), the Identity Theft Enforcement and Restitution Act (ITERA), and certain provisions of the USA PATRIOT Act. â€œFraud committed via the Internet makes...