By Mikey Miller

Are you interested in hearing about the biggest internet scam in recent history? NO! Would you be interested if you discovered that it is possibly you that was scammed several months ago and did not even know it? In fact, if you were scammed back then you probably have had money removed from your bank account every month AND you may not even know you are losing your money. Now you are interested!

This foundation for this breech of internet security started a couple of years ago as a gift from your caring politicians and bureaucrats in the form of bank funds electronic transfer legislation. Simple stated, if you owe anyone money they (whoever) can ‘electronically’ withdraw it from your account without your permission if they have a contract in place.

A few weeks back a neighbor lady came to me venting her disapproval because some unknown and unnamed internet company had cleaned out her banking account. She was going to complain, bring legal suit and if she could find a real person she was going to do really mean things. It took 5 minutes and three questions to find out she was into a legal binding electronic contract she knew nothing about. Read more here.

OSA Editorial Comments:

Wow, you are going to be so surprised to learn what is going on with what Mikey Miller teaches us here, and at the Scam Alert website go and check it out and support them…

For more great content, information and stories like this, please Join Us, Monday LIVE @ 11:00 MST for:

Your Online Security Authority  
Bill Wardell

Related articles by Zemanta

• Online fraud up after years of decline: report (nationalpost.com)
• Card Not Present Fraud up 132% in UK (pindebit.blogspot.com)
• A crime that does pay (canada.com)

Written by: OSAblogger / Bill Wardell - Please Read Our Latest OSA eZine Edition

Popularity: 14% [?]

OSA Technorati Tags: bank, bank account, Bill Wardell, internet scam, Internet Security, Online fraud, Online Security Authority, Present Fraud, United Kingdom, unnamed internet

OSA Related Posts

• Fraud-Prevention DVDs
  No Charge, No S/H, No Strings!
• GoDaddy shutters popular security site at MySpace request
• A Checklist Of Business Account Options - Mobile Banking
• Contractor Scammed While Looking for Work: Dont be a Victim
• Top 10 Internet Security Trends for 2007
• SAFETY FIRST
• $250,000 reward for Conficker arrest and conviction
• Top 10 Online Propaganda Techniques Used to Promote Hate
• A Web of deceit
• Top Ten Ways to Protect Your Online Privacy

OSA Related Websites

• Debt and the Holidays
• Prosper.com and Quicken -- The workable solution for playmates that don't get along.
• These 29 Tips To Help Save You Money
• Credit Unions Versus Banks; Which Do You Use?
• Banking Reviews: Virtual Bank’s eMoney Market Account
• Online Money Fraud Hits Home
• Time to Rebalance Your 401K or 403b
• 20 FREE THINGS YOU CAN DO TO PUT MONEY IN YOUR POCKET
• Google Revolution, Different Name, Same Scam!
• Quicken vs Prosper -- ROI Accounting