Net Fraud Stats.

[JimG]

Did you know that:

•Russia, Romania, Greece, S.Africa, China, Italy, and Canada each are responsible for less then 2% of net fraud investigated by the F.B.I.
•UK at 2%
•Nigeria 8%
•US 71%

Auction fraud average loss is $385 up 93% from 2004
Nondelivery of merchandise and payment average loss is $410 up 55% from 2004

Source: National White Collar Crime Center and the F.B.I. as reported in WIRED magazine.

What does this all mean? I don't know- but I thought it was interesting. Jim

 

[Sylvaticus]

Hardly surprising that 71% of net fraud investigated by FBI is US related, after all it is their patch. Maybe Scotland Yard would have a different figure to 2% for UK, and so on.

 

[David Murphy]

Did you know that:

•Russia, Romania, Greece, S.Africa, China, Italy, and Canada each are responsible for less then 2% of net fraud investigated by the F.B.I.
•UK at 2%
•Nigeria 8%
•US 71%

Auction fraud average loss is $385 up 93% from 2004
Nondelivery of merchandise and payment average loss is $410 up 55% from 2004

Source: National White Collar Crime Center and the F.B.I. as reported in WIRED magazine.

What does this all mean? I don't know- but I thought it was interesting. Jim

I rather doubt these statistics are normalized for the number transactions from these contries. What is relevant is the percentage of transcations from a given country (as a fraction of all that country's transactions) that are fradulent.

 

[ClaremontPhoto]

My neighbors and friends are 100% convinced that I am crazy buying stuff online. They think that Amazon will 'steal' my credit card details.

Last year I ordered camera equipment from Robert White. They emailed a day or so later to say that the credit card had been declined. I knew there was no problem, but I went to the bank anyway and got a cashiers check and sent it to Robert White.

About a week later I was in my bank and the counter clerk asked if I had bought photo equipment on my card recently. I told her 'No'. She replied 'Good, because we saw that charge and knew that nobody would pay that much online for a camera so we stopped it for you, now we'll investigate how they got your card details'. It took a bit of explaining.

When even the banks don't trust credit cards over the internet it's understandable that ordinary people don't either so they don't buy and we don't get much fraud.

 

[ezio gallino]

From London a certain Tania offered me (Western Union of course) a Noctilux for $1500 but if I've ordered 5(five!) price would go down to $1000 each....

A real deal...

 

[JimG]

That's a good scam, I bet a lot of people fall for it. I wish it was real I could sell 4 of them individually in a few hours marked up enough to get one for free. I have seen that name Tania used in scams before it must be effective.