Introduction

The Internet is a wonderful gift for mankind.

It is wonderful and unique not because of the technological marvel of connecting 160 million servers or seamless surfing across continents - but the real strength of Internet is the people in front of those billions of computers who can interact with each other and build a society free from geographical, physical and political barriers.

It is a unique experience in the history of mankind and is set to bring about fundamental changes in our life including how we do business.

Unfortunately, the ability to roam anonymously in a borderless world has also given fraudsters and scam artists a new tool to trick and defraud more people across the continents - a huge scope to scale up their operation.

It is extremely important that we understand how this new generation of fraudsters and con artists defraud people so that we remain ever alert.