Cybercrime is a fast-growing market that offers huge profits and minimal risks. According to the report published by the Center for Strategic and International Studies (CSIS), the annual damage inflicted by cybercrime to the economy is within the range of 375–575 billion USD, exceeding the GDP of many countries around the world.The advent of new tech has enabled ever more sophisticated ways to commit cybercrime. “Cybercrime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors,” Jim Lewis of CSIS said in a statement.
Among the different types of cybercrimes, the Internet scam holds a special place. While most cybercrime types employ technical methods (hacking computers, intercepting data, etc.), scamming is done through psychological and intellectual methods, namely, via the abuse of trust, when people themselves choose to transfer funds to perpetrators. Various methods for technical protection against a range of cyber threats already exist and continue to develop (for instance, anti-virus software); however, there’s only one effective protection method that works against the Internet scam – always being on the lookout.