For this week’s business law research assignment, you will conduct research pertaining to internet fraud and internet fraud statistics. Using sites of your choice, research information on “Internet Fraud” and “Internet Fraud Statistics”. You may wish to consult sources such as the National Fraud Information Center (http://www.fraud.org) and the Internet Crime Complaint Center (http://ic3.gov/media/annualreports.aspx). Use Microsoft Word to create 1-2 page essay that responds to the following:
Why do you think Internet fraud has resulted in many new business laws and regulations? Do you feel that there are differences between face-to-face business law and Internet business law? Why or why not?
Compare the reports you have selected. Pick the most current set of statistics available and compare them to the statistics from five years earlier. How do they compare? Discuss why you feel there is such a difference. How have the Internet scams changed over the years? Do you see a trend in any area of Internet fraud? What would you suggest to assist with these problems? How might business laws, which are already in place, play a role in controlling fraud on the Internet?