Internet crime, also known as cybercrime, encompasses various illicit activities conducted through computer system and online platforms. It is a global menace that has become a pervasive issue in our contemporary society. This study delves into exploring the prevalence of internet crime among undergraduate students at the University of Ilorin with the view to examine the level of involvement of undergraduate students, identify the underlying factors, the perceived consequences, and potential control measures associated with undergraduates' involvement in internet crime. The study engaged a sample size of 400 undergraduate students, employing a stratified sample technique for comprehensive data collection using a structured questionnaire. The research revealed that the participants acknowledged the prominence of internet crime within their peer group. It uncovered the multifaceted factors contributing to the prevalence of internet crimes. The respondents acknowledged the perceived consequences of undergraduates' involvement in internet crime, encompassing financial mismanagement, expulsion from educational institutions, societal stigma, loss of personal integrity, legal consequences, and limited access to future opportunities. To mitigate this growing concern, respondents recommended various control and combative measures. These encompass the implementation of stringent rules within educational institutions, effective monitoring of students' financial activities, awareness campaigns against internet crime, provision of employment opportunities, engaging experts to address the issue, banning tools facilitating internet crime, and organizing training workshops to enhance legitimate ICT skills and wealth generation. This study sheds light on the pressing need for proactive interventions to curb internet crime among undergraduate students, emphasizing education, awareness, and policy implementation to foster a safer online environment and deter involvement in criminal activities.