read, and submit a review. The review should be about 300 words (a full page doc
ID: 3917471 • Letter: R
Question
read, and submit a review.
The review should be about 300 words (a full page document). Please organize and elaborate your points. If you feel you need more than 300 words - you are free to do so (but make sure your points are not off-tangent). You will not get extra points for writing a mini-novel. Your grade is based on how well you synthesize the points in the article (including how you express your opinion, thoughts or understanding).
UK university domains spoofed in massive fraud campaign targeting suppliers
Be on your guard if your company has received an order which appears to come from a UK university email address.
That’s the advice of Action Fraud, the UK’s national reporting service for fraud and financially-motivated cybercrime, after it saw a marked rise in the number of domains being registered that look very similar to genuine universities.
The domains are being registered by online criminals, who are using them to create lookalike email addresses with the intention of placing high-value orders with suppliers.
As Action Fraud explains, the criminals are using the bogus email addresses to commit distribution fraud.
Distribution fraud is where criminals make an order to a supplying company (often overseas) via email, posing as a well-known organisation. The ploy is often convincing because they will use an email address that looks similar to the genuine organisation and steal their branding.
Action Fraud says that in the current case, fraudsters are registering domains that are similar to genuine university domains such as xxxxacu-uk.org, xxxxuk-ac.org and xxxacu.co.uk.
Placing orders for a large quantity of expensive products (such as food, pharmaceuticals, or IT equipment), the fraudsters will avoid payment in advance by using faked purchase orders, bank transfer confirmation documentation, or by giving the organisation’s real address for invoicing.
However, the criminals ask for the delivery to be made to an address that does not belong to the spoofed organisation, or in some cases will contact the delivery driver en route to give them a new delivery address.
The end result is that the delivery is taken by the criminals without a payment being made, and any invoices a supplier sends to the organisation’s real address go unpaid.
Victims are said to have lost over £350,000 in total.
“This type of fraud can have a serious impact on businesses. This is why it’s so important to spot the signs and carry out all the necessary checks, such as verifying the order and checking any documents for poor spelling and grammar,” said Pauline Smith, director of Action Fraud.
Action Fraud offers some sensible advice on how to avoid being duped by criminals posing as a legitimate business making an order:
Ensure that you verify and corroborate all order requests from new customers. Use telephone numbers or email addresses found on the retailers website – do not use the details given on the suspicious email for verification purposes.
If the order request is from a new contact at an organisation that’s an existing customer, verify the request through an established contact to make sure it is legitimate.
Check any documents for poor spelling and grammar – this is often a sign that fraudsters are at work.
This isn’t the first time that British universities have found their identities “cloned” by criminals.
Last year, Newcastle University warned that fraudsters had created what appeared to be a professional-looking website, posing as the university in an attempt to steal prospective pupils’ personal information including passport details and payment card information.
Explanation / Answer
Review:
I accept all the things that are narrated in the content. Nowadays there is a high increase in the online frauds due to the digitalized of the world.
Everyone in the world is with a smart phone in their hand doing transactions every time they need in the ticket booking, e-commerce sites etc. that opens gateway for the online fraudsters.
There are different online frauds are available and the one is duplicate web page maintenance in the name of the reputed universities.
This benefit those in many ways by simply collecting the user’s information like email id, contact information, address, passport details, debit/credit card details etc. With this they will try to advertise their products, steal money from our account, sale our details to other retailers for money etc.
Many online frauds are happening because of small faking in the website pages, links, emails etc.
Much awareness has to be created among people to ensure the stability in using the personal information like passwords, email id, debit pin, credit passwords etc.
As we are running in the fast world we need things to be done very fast and no people are ready to wait and read the privacy terms that are popping while visiting the websites and during the payment process. These make the fraudsters succeeding their targets easily.
To avoids these types of frauds we have to be very conscious about the things we are doing while surfing the internet.
Few of the ideas to identify the frauds are the poor information guideline, spelling mistakes, grammar missing, looks same etc.
Some of them identified as “puma” as “poma”, “adidas” as “addidas” these things makes us confusing and that will leads to take a wrong decision.
While we are in a confusion of branded products name, websites name, payment gateway etc. we have to make a call to the official page of the concern organization and make sure the availability of the particular products at that place.
If the above solution is helpful to you in any way please rate it Or if you have any concerns please comment it, I will help you through
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