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Fighting back against online-auction fraud.

Publication: Consumers' Research Magazine
Publication Date: 01-FEB-04
Format: Online - approximately 790 words
Delivery: Immediate Online Access
Full Article Title: Fighting back against online-auction fraud.(Computer Savvy)

Article Excerpt
Online auctions have been called the world's largest marketplace, with eBay in particular evolving from a hobbyists' enclave into a venue where companies transact millions of dollars in business. But the online auction world has also been called the digital Wild West, with rampant fraud taking place. Online auction fraud tripled last year compared with 2001, according to the FBI, and now accounts for 46% of all Internet fraud.

The largest online auction site by far is eBay, with an estimated 85% of the market. One interesting response to this fraud is the emergence of eBay vigilantes, people who break eBay's rules in trying to thwart scams in the works when eBay doesn't act. Others oppose such...

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