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Online AuctionsOnline-auction customers lodged more than 20,000 complaints with the Federal Trade Commission in 2001. Such complaints are the second-most common filed with the agency. The Internet Fraud Complaint Center said auction scams account for 43 percent of all reported online fraud.
Online fraud growing - Dec. 2002 InternetNews article www.basestealer.com/ - Internet Fraud Resource Center (will move to www.fraudresources.org/ ) LaptopScam.com/ Online Fraud Prevention Tips at AntiFraud.com Mail Order Warning here Online/mail order buying tips
Consumer fraud against retailersAccording to an 2002 Gartner Survey,
"Credit card fraud causes e-tailers to lose about 1% of their transaction volume and sales revenue, while e-tailers reject 6% of consumer purchase requests because they appear suspicious. Gartner analysts note that 6% of sales equals $950 million in revenue for the fourth quarter alone.
The e-commerce leaders surveyed admitted that they mistakenly reject about 2% of total sales, costing them $315 million in sales."
Internet fraud rates are about 10% higher than brick-and-mortar rates.
Many cases are from stolen credit card numbers.
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