Online Fraud

New figures from fraud-prevention firm Early Warning show that levels of internet fraud decreased by up to 15% last year, despite the soar in online shopping over the Christmas period. The company said it did not anticipate such a significant decrease in online fraud, but added that a possible explanation was that internet retailers were putting measures in place to tackle fraud as they are becoming more aware of the risks.

Andrew Goodwill, managing director at Early Warning said: “This is really an unexpected and encouraging first in internet fraud statistics. As e-commerce goes on rising, we are used to corresponding increases in fraudsters activities to capitalise on it. As the number and value of sales has risen so sharply, fraud - as a proportion - is definitely down.”

from: imrg.org
February 10th 2007

This entry was posted on Friday, February 9th, 2007 at 6:48 pm and is filed under E-commerce News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.