Internet Theft Of Online Auction Fraud Essay - 865 Words

With the amount of fraudsters using auction fraud to scam individuals out of their money, it is essential to know to handle the situation after becoming a victim. The victims of online auction fraud often report numerous issues that include â€Å"buyers receiving goods late, or not at all, sellers not receiving payment, and failure to disclose relevant information about a product or the terms of sale† (Auction Fraud, 2010). If anyone becomes a victim of online auction fraud, the actions taken next are very important. First, â€Å"if the seller has misrepresented the goods you’ve bought, report the fraud to Action Fraud. Second, keep all evidence of the offence, and lastly, contact the website involved or even alert Consumer Direct by phone that is listed on their website† (Action Fraud, 2010). Multiple ways to protect yourself from becoming an online auction fraud victim is to read all of the websites information before performing any purchasing transactions involving money. It is very questionable to trust buying things from individuals will very little selling history and reviews and at times can be seen as a red flag to buy from another dealer (Auction Fraud, 2010). Most selling and buying websites will provide reviews for other individuals to read. eBay is a great example of one of these sites as well as Amazon. After finding an item that is interesting enough to buy, the next step is to read the over sellers information. If the transactions reported with this seller is reportedShow MoreRelatedQuestions On E Commerce Fraud1221 Words   |  5 PagesE-commerce fraud refers to any type of scheme that uses websites, emails, or any Internet related function in order to present fraudulent solicitations, steal personal information, conduct fraudulent transactions, or transmi t money from bank to bank or to other cyber criminals. 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