Online impersonation in securities scams

Author

Vilardo, M.F.

Author_Institution

US Securities & Exchange Comm., USA

Volume

2

Issue

3

fYear

2004

Firstpage

82

Lastpage

85

Abstract

For a con man to convince a target to part with his or her money, he first must gain the target´s trust. In cyberspace, securities scammers gain the trust of unwitting investors through a variety of means. Perhaps the most insidious of these involves a form of online impersonation in which the perpetrator uses the Internet´s technical capabilities to create bogus online content that mimics information from trusted sources. The author briefly explores the use of various impersonation techniques by persons charged in US Securities and Exchange Commission (SEC) enforcement actions alleging market manipulation and fraud.

Keywords

Internet; computer crime; fraud; securities trading; US Securities and Exchange Commission enforcement actions; bogus online content; cyberspace; fraud; investors; market manipulation; online impersonation; securities scammers; securities scams; trusted sources; Computer hacking; Computer security; Consumer electronics; Discussion forums; Dogs; Internet; Marketing and sales; Power system security; Privacy; Share prices; SEC; Securities and Exchange Commission; digital identity; fraud; impersonation;

fLanguage

English

Journal_Title

Security & Privacy, IEEE

Publisher

ieee

ISSN

1540-7993

Type

jour

DOI

10.1109/MSP.2004.19

Filename

1306979