Assignment on Cyber Scams 2022

Running Head: CYBER SCAMS
CYBER SCAMS
Name of the Student
Name of the University
Author note

CYBER SCAMS1
Identify the different Five type of internet scam
The different 5 types of internet scams are as follows: -
 Ransomware: Ransomware is a malware software that gets downloaded in the system
without the knowledge of the user. This gets performed via dialogue boxes that pop up in
the windows during the surfing process. It gets easier for the hackers to attack the
computing system once a malware gets instilled (Canadian Bankers Association 2019).
 Business Email Compromise Fraud: BEC includes differential sophisticated frauds that
targets the business. The scams that are included in the process are CEO scam, supplier
phishing and Information theft
 Credit card fraud: Credit card fraud usually leads to taking up of the card details and
purchasing goods from the same without permission (Canadian Bankers Association
2019).
 Debit card fraud: In case of debit card fraud the cyber attacker tries to gain access to the
magnetic strip that is present in the card and hence wise they fetch data from the card in
an unauthentic manner.
 Malware: Malware is a malicious software that infiltrates the computer devices.
How each scam works
Ransomware: Ransomware has been a malicious software that that gets downloaded in
the computing system via pop up advertisements. These help the hackers in encrypting the files
that are present in the system (Whitty 2019). Hence the hackers get the entire data that they need.
Unencrypting of the data is almost impossible in this case.