2 posts and columns on online fraud

Survey Cites Who's Trustworthy on the Web

in News on April 21, 2010 at 12:00 am PT

Most consumer Web sites haven’t taken adequate measures to cut down on online fraud, according to a survey released Tuesday by an Internet advocacy group that promotes anti-fraud tools and standards. The survey conducted by the Online Trust Alliance said only eight percent of major Web sites surveyed made it onto the organization’s “honor roll” of sites taking stringent measures to reduce online fraud enabled by forged emails, phishing sites and malware.

Web 2.0 Expo: PayPal Says Online Fraud Rising in Recession

in News on April 1, 2009 at 12:03 pm PT

EBay’s PayPal kicked off the Web 2.0 Expo in San Francisco Wednesday with a frightening presentation on the “arms race” between online fraudsters and online retailers and shoppers. Online fraud is becoming so lucrative, said Katherine Hutchison, PayPal’s senior director of global risk management, that it has developed into an industry with specialized players that hire each other in areas such as harvesting credit card numbers and freight forwarding. “A single professional thief doesn’t have to have all of the skills needed to commit fraud,” she said.