There are some scams so well conceived that they can deceive even the most careful of persons. There's a flood of "Internet Scams" that have become the way of online world today.

The term "internet scams" is used for the plethora of fraud scheme that uses email, web sites, chat rooms or message boards to prey upon people online. Internet scams are also termed as internet fraud.

There are numerous facets of internet scams such as search engine scams, work at home scams, stuffing envelope, mlm scams (multi level marketing scams), easy money scams, lottery scams, gifting scams, pyramid schemes, network marketing scams, nigerian scams, ponzi scheme, college admission scams, employment scams, internet job scams, loan scams & grant scams, credit card scams, contest scams (poetry contest scams), overseas purchase scams etc.

There are many more that have not been noticed yet or yet-to-be-devised. Generally internet scams are associated with the fraudulent transactions, fake financial institutions or fraudulent schemes.

The FBI and other police agencies worldwide have alerted people to beware of internet scams, but they are so cleverly designed that people become easy prey for them. According to the FBI, U.S. companies lost over $500 million due to internet frauds in 2003.

Overseas purchase scams are becoming quite hot these days. These scams involve fictitious merchants advertising goods at very low prices, but the goods are never delivered.

Credit card scams are another obnoxious face of internet scams. Credit card scams involve using stolen credit card information to buy goods and services.

The United States Federal Trade Commission is making continuous efforts to protect internet users from internet scams. It has issued a consumer alert about various internet frauds, but the people should also take steps to protect themselves from these scams.

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