Internet Auction Fraud Essay

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Internet auction fraud is the most dangerous online crime but receives no attention from people. It does cause the victims to suffer losses but most of them fail to report the crime to the authorities. The internet auction fraud is a serious crime when it was reported to be the number one online scam by the U.S Federal Trade Commission in 1997. In 2001, 70% of fraud cases were reported to Internet Fraud Watch. When people do not know the danger of its existence, no precautions to avoid it are taken. Some of the concerned victims reported the fraud to the auction house. But it was shocking that even the auction house themselves do not realize the bad impacts of this crime. Mostly, it was because of the reliance of the auction house on the auction participants to take their own precautions even though they had no knowledge about the auction fraud. Most of the victims decided to stay silent and not reporting the crime to the authority because of some reasons.
The first reason for the victims to stay silent was they did not know how and who to report …show more content…

It could be said that most of the victims had good educational backgrounds with good jobs and satisfying wages.Even great people that had good life being deceived.It showed that this kind of crime did not choose its victims.Once you are being careless,then you will be the target of these cunning online criminals..According to ‘Internet Auction Participation’ survey,52.9% of the victims were the first timers. With the increasing fraud cases, there were still many people took part in the internet auctions. Even though there were many internet auction fraud cases being reported,many other ‘clean’ auctions were being implemented

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