Business Services Industry
Auction Fraud
Entrepreneur, August, 2001 by Melissa Campanelli
Buyers and sellers, beware! According to a study by market research firm eMarketer, most U.S. Internet crime takes place on auction sites.
Rob Janes, an eMarketer analyst, says that given the popularity of auction Web sites such as eBay--which reportedly attracts 16 million users per month--it's not surprising that 87 percent of online fraud in 2000 was found to be related to such auctions in eMarketer's "The E-Privacy and Security Report." The average cost to online-auction fraud victims was about $600.
COPYRIGHT 2001 Entrepreneur Media, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
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