Fraud can be considered to be some sort of deception or scam that is very much rampant to our society. Today, businessmen are very much common as target of these people that commits fraud. Because of this, some have thought that engaging with ecommerce or online business venturing is much better and may enable them to avoid being the victim of fraud. But did you know that even ecommerce is not that safe? This is because cyber fraud might rise up as your problem. Among the latest cyber fraud mutations is social networking site scams which contribute to the nine million annual reported cases of identity theft in the U.S., according to the Federal Trade Commission.

My Comment:

I believe that if we are not that careful in engaging ourselves to E-commerce, we will be a victim of these online crimes. There is only one way for us to stay away from this and that is to be watchful enough in every activity and move that we do in our business.

Reference: http://www.ecommerceclub.org/ecommerce-and-cyber-fraud.html