STRATEGIC ACTIONS FOR CONTROLLING INTERNETS FRUADS IN BUSINESS ENVIRONMENT IN RIVERS STATE

Advancement in technology have affected every aspect of business environment around the world . The effects are generally felt in education ,sciences, commerce, business and particularly the electronic world . The user of internet services has helped in ensuring that business activities and banking functions were made as simple as possible . But notwithstanding, people have used internet services for fraudulent purpose which individuals needed to be aware. The purpose of this study was to determine the security schemes in controlling internet frauds. This study adopted descriptive research survey design. The populating of the study consists of 60 respondents from five banks and their customers in Rivers State. Structured questionnaire was used to collect data for this study. Two research questions and two null hypotheses were formulated to guide study. Mean with standard deviation was used to analyze the research questions. While t-test was to test null hypotheses at 0.05 level of significance. It was concluded that many people in Rivers State have not yet identified some of the software measures for controlling internet frauds. Based on the conclusion; it was recommended that banks and information communication technology (ICT) training centers should execute more customer’s education programme to create wider awareness of the criminal tricks in the internet and there control measures.