Commerce

Done by:

Sadoun AL-Suwaida

Turki AL-Anazi

Outline

Anti-Competitive Practices Online Auction Trade Payment Cyber squatting Fraud Web-ads

Anti-Competitive Practices

Definition: Practice done by a leader company

to hurt others Vaporware.Undercutting.Force bundling.

Online Auction

Definition: bid for products and services over the Internet. No time constraints. No geographical constraints Large number of bidders. Large number of sellers.

Free Trade

Definition: no restriction on international trade. Import tariffs. Export subsidies. Export controls.

Supercomputers. Encryption.

Payment

Definition: transfer of wealth from one party to another. Credit Card. Debit.

Identity Theft.

Cyber squatting

Definition: Registering, selling or using a domain name with the intent of profiting from the goodwill of someone else's trademark.

One of the more notable transactions was the domain name wallstreet.com, which was registered in 1994 for $70 and sold for one million in 1999.

Anti Cyber squatting In August 1999, the U.S. government passed the Anti-

Cybersquatting Consumer Protection Act. which enables trademark holders to obtain civil damages up to

$100,000 from cybersquatters that register their trade names or similar-sounding names as domain names.

Uniform Domain-Name Dispute-Resolution Policy (UDRP) The UDRP is a process established by the

Internet Corporation for Assigned Names and Numbers (ICANN) for the resolution of disputes regarding the registration of internet domain names.

The UDRP policy currently applies to all .biz, .com, .info, .name, .net, and .org

Internet Fraud

Definition: Refers generally to any type of fraud scheme that uses one or more components of the Internet.

such as: chat rooms, e-mail, message boards, Web sites.

Major Types of Internet Fraud

Auction and Retail Schemes Online. Most frequently reported form of Internet fraud. How?

Offer high-value items that are likely to attract many consumers their victims to send money for the promised items, but then deliver nothing or only an item far less valuable than what was promised

Major Types of Internet Fraud

Business Opportunity/"Work-at-Home" Schemes Online. Pay anywhere from $35 to several hundred

dollars or more, but fail to deliver the materials or information that would be needed to make the work-at-home opportunity a potentially viable business.

Major Types of Internet Fraud

Market Manipulation Schemes. Disseminate false and fraudulent information

in an effort to cause dramatic price increases in thinly traded stocks.

Immediately sell off their holdings of those stocks to realize substantial profits before the stock price falls back to its usual low level.

Major Types of Internet Fraud

Identity Theft and Fraud. Wrongful obtaining and using of someone

else's personal data.

How to avoid Fraud

Don't Judge by Initial Appearances. Be Careful About Giving Out Valuable Personal Data

Online. Be Especially Careful About Online Communications

With Someone Who Conceals His True Identity. Watch Out for "Advance-Fee" Demands.

Web Advertising

Web Advertising: Refers generally to any type of Advertisement scheme that uses one or more components of the Internet.

Online advertising has two type: legitimate illegitimate

Legitimate Web Ads.

Search Engine Advertising 80% of Web search is generated through

search engines. The most effective way of advertising.

Banner Advertising Static banner Dynamic banner

Illegitimate Web Advertising

Spamming : spam is E-mail that is not requested. Very inexpensive way to reach people. Billions of unwanted messages are transmitted daily. Spam does produce results.

Suppose that out of 2,000 spam messages, one person clicks the link, and the spammer makes $1.

If a million spams were sent that day, the spammer made $500 .

Costs of Spam

Consumption of network resources . Cost human time. It is cost United States organizations alone more than $10 billion

in 2004 .

CAN-SPAM

(Controlling the Assault of Non-Solicited Pornography And Marketing Act of 2003) .

In order not to be considered spammer: The message header must have a truthful subject line . a valid return address The message must clearly state that it is an advertisement have a simple way to remove you from their list.

Sources

http://www.nolo.com/index.cfm http://www.internetfraud.usdoj.gov http://www.answer.com