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Email scams posing as the Internal Revenue Service were also used to steal sensitive data from U.S. taxpayers. [63] Social networking sites are a prime target of phishing, since the personal details in such sites can be used in identity theft ; [ 64 ] In 2007, 3.6 million adults lost US$3.2 billion due to phishing attacks. [ 65 ]
The oldest known channel for chain letters is written, or printed, on letters on paper. These might be exchanged hand-to-hand or distributed through the mail. One notorious early example was the "Prosperity Club" or "Send-a-Dime" letter. This letter started in Denver, Colorado in 1935, based on an earlier luck
Email spam has steadily grown since the early 1990s, and by 2014 was estimated to account for around 90% of total email traffic. [2] [3] Since the expense of the spam is borne mostly by the recipient, [4] it is effectively postage due advertising. Thus, it is an example of a negative externality. [5]
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Mass-marketing fraud (or mass market fraud) is a scheme that uses mass-communication media – including telephones, the Internet, mass mailings, television, radio, and personal contact – to contact, solicit, and obtain money, funds, or other items of value from multiple victims in one or more jurisdictions.