In brief: US government bids to stamp out Net fraud

By Dominic Maher, 28 July 1998 15:38

NEWS The US Federal Trade Commission (FTC) believes that for the Internet to continue at its current growth rate - from $2.6bn in 1996 to $220bn in 2001 - it needs to be safe from fraud. Having introduced 35 federal law enforcement actions to stop fraud and deception on the Internet, the FTC described online crime as old-fashioned scams dressed up in high-tech garb. The FTC is to tackle the problem by focusing on education of customers and Internet entrepreneurs, as well as introducing new laws.

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