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.

Questions 1: Did you buy and download (very key) any information from the internet. Usually a CD or something similar. Answer-YES. Question 2: Did you knowingly enter into a binding contract with these people. Answer: ABSOLUTELY NOT!! Real answer-Yes Question 3: Did you read all the fine print including the Terms and Services. Answer: NO, BUT I KNOW THERE WAS NO CONTRACT OF ANY SORT. Real answer-NO I did not read the fine print.

After displaying the website it took the whole of about 15-20 milliseconds to see the scam. I had to explain it three times before the dear lady could see it. Then the next question: What can I do? I have tried to stop it. The result was she had to close out here bank account to kill the credit card.

Here is how it works. Either through email or PPC or some other way you end up on a webpage that, for example, guarantees to make you $187,594.26 in 30 minutes while working at home 10 minutes a day. Maybe this is slightly exaggerated but you get the picture. They usually have a CD that will give you all the information you need to carry off this money making project. Normally this CD would cost $99 but if you act within the next 2 hours, being the good guy you are you get it for free.

Now this is great deal. What is not to like? Wait there is one more thing. It only fair that since the CD is free that you should pay the shipping and handling. I think that is only fair dont you. Stop and read the above paragraph carefully again. What is wrong with this scenario? Where is the big red flapping flag!

DA!? This is the internet remember. The keywords are digital, electronic, and downloadable. If the information is electronically downloadable why send it by snail mail? What does this transaction yield to the creditor website? Your credit card information! Why is that a worry, the shipping cost is so small; only $7-8.

Now Question 2 comes into focus. Somewhere on the website there is a free trial offer (usually 15-30 days) that comes with a on line resident expert attached. If the CD doesnt contain all the information you need the expert is on call to answer your questions. He/she might not speak English or have any relevant knowledge or experience on the subject but you get the free service for 15-30 days notwithstanding.

Here comes the neat part. Look at question 3 again. Did you read the fine print included in the terms and conditions? Of course not, no one reads that stuff. I bet you do from now on. Somewhere in the fine print it will say something like. You can unsubscribe from the normal service of the expert within the trial period (15-30 days) and there will be no penalty. However, if you do not unsubscribe we will take the normal amount (usually $20-40) out of your credit card account monthly. But, you say, that does not a contract make. You are absolutely correct. Except!

It is the little check box down where you enter you credit card information for the handling and shipping to get your free CD that causes all the problems. Buy checking this box you agree to all the terms and conditions of the website meaning the month to month withdrawal of your funds if you do not unsubscribe during the free trail period. That constitutes a legal contract under the electronic signature legislation. You have just agreed to send that company a monthly payment for services for the rest of you life or until you stop it.

Hold on, it only gets better. How many people do you know that really check their credit card statements in detail every month? Apparently not enough. A $30 withdrawal might stay hidden in your 4+ page credit card statement for months. Then when you do find it try to get it stopped. I tracked down an internet company doing this very thing; it took about three days of intense research. I sent an email to the highest officer we could find demanding to stop, stating we had no contract. I got back an email with the following answer; Oh yes you do. He was correct.

The moral of this story is simple. You must prevent this scam before it begins. In writing or generating legal documents of any kind, especially electronically, there is one absolute generic rule. READ THE MAIL, UNDERSTAND THE MAIL and ANSWER THE MAIL

In other words if you are reading and understanding every word on a website, conduct your business with confidence. If not my recommendation is DO NOT ELECTRONCIALLY SIGN ANY THING, IT MAY CONTAIN A HIDDEN CONTRACT. Read the fine print. Make sure you know exactly what you are electronically signing. Answer ever detail with personal knowledge as to what it means; even if you have to read the terms and conditions a dozen times. Reject them if there are any questions.

Internet security is a serious matter that can only be controlled through knowledge by those people using the internet. Do not rely on a piece of software or a firewall entirely. Internet scams are perpetrated by very intelligent people that can think and work around most internet security devices.

Remember what Smokey the Bear says; Only you can prevent internet scams! Well, if he didnt say it he should have.

P.T. Barnum did say. There is a sucker born every minute.

I say on the internet there are one million suckers born every minute.