Tuesday, 30^th August, 2022

Bible Reading:  2 Corinthians 2:11, Job 5:12

Memory Verse: So that Satan will not outsmart us. For we are familiar with his evil schemes. 2 Corinthians 2:11 (NLT)

Wikipedia describes Internet fraud as a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. Internet fraud is not considered a single, distinctive crime but covers a range of illegal and illicit actions that are committed in cyberspace. According to the FBI’s 2017 Internet Crime Report, the Internet Crime Complaint Center (IC3) received about 300,000 complaints.

Victims lost over $1.4 billion in online fraud in 2017. According to a study conducted by the Center for Strategic and International Studies (CSIS) and McAfee, cybercrime costs the global economy as much as $600 billion, which translates into 0.8% of total global GDP. Online fraud appears in many forms. It ranges from email spam to online scams. Internet fraud can occur even if partly based on the use of Internet services and is mostly or completely based on the use of the Internet. Fortinet says: Internet fraud can be broken down into several key types of attacks, including:

1. Phishing and spoofing: The use of email and online messaging services to dupe victims into sharing personal data, login credentials, and financial details.

2. Data breach: Stealing confidential, protected, or sensitive data from a secure location and moving it into an untrusted environment. This includes data being stolen from users and organizations.

3. Denial of service (DoS): Interrupting access of traffic to an online service, system, or network to cause malicious intent.

4. Malaware: The use of malicious software to damage or disable users’ devices or steal personal and sensitive data.

5. Ransomware: A type of malware that prevents users from accessing critical data then demanding payment in the promise of restoring access. Ransomware is typically delivered via phishing attacks.

6. Business email compromise (BEC): A sophisticated form of attack targeting businesses that frequently make wire payments. It compromises legitimate email accounts through social engineering techniques to submit unauthorized payments.

With the present economic situation, people (especially youths) are more desperate to make money either by hook or by crook. Be warned, lest you fall a victim. Perpetrators of these evil acts should repent or face the wrath of God.

Quote: To be forewarned is to be forearmed.

Prophetic Decree: You will not fall into the trap of the people of the underworld, in Jesus name

Prayer Focus

1. Thank you Lord for your word of enlightenment.

2. Holy Spirit, boost my spiritual sensitivity, in Jesus name.

3. No plan of the enemy shall prevail over my finances, in Jesus name.

4. I foil all the schemes of the underworld to scam me, in Jesus name.

5. I recover back in 100 folds all I have lost to internet scammers, in Jesus name. 

BIBLE IN ONE YEAR: Ezekiel 13-15