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Internet fraud refers to fraud that is committed with the help of the internet. Online services are used to conduct fraudulent solicitations, fraudulent transactions, and to transmit the proceeds of fraud to financial institutions. Internet fraud can be committed in web sites, chat rooms, e-mail, and message boards. Any application fraud that is committed with the help of internet will come within the purview of internet fraud. Advertisements that pop up on the internet pose a risk of losing money in the form of scams.
With the help of online services, a perpetrator of fraud can commit debit card fraud without even having the possession of a debit card. Here, by using an internet facility and a debit card, a perpetrator of fraud can make purchases until the entire account of the debit card holder is drained out.