2004-11-16

Finding Scams

"The increasing volume of financial scams operating via the Internet makes it difficult for regulators to identify and prosecute those responsible. ScamSeek is a document classification system that trawls Internet pages and classifies documents as scam, scam-like or non-scam. In its first trials hunting the public Internet it correctly identified and classified eighty percent of documents, leading to specific investigations by ASIC and referrals of some documents to other agencies for investigation."