The past year was a good year for bad guys on the Web. Fraud complaints surged 60 percent to 120,000 from 75,000 a year ago, according to the Internet Crime Complaint Center in Fairmont, West Virginia. The Center, which changed its name last week from the Internet Fraud Complaint Center, maintains a database on Internet crime and acts as a clearinghouse for forwarding cases to various law enforcement jurisdictions. Founded in May 2000, the agency is a partnership between the FBI and the National White Collar Crime Center, a federally funded, nonprofit organization.
I see internet fraud is being blamed on the hackers and general scum of the internet only. However, I would like to know what percentage of the regular users also commit fraud. Users that sign up with us agree to a clearly marked 'non-refundable' notice (our fee is only $4.95). This is a clear example of why we are 'forced' to issue refunds to avoid a charge back fee. ***Real Email From A User*** I just joined an hour or so ago, and the site is completely not what I expected it to be. Is it possible to get my $4.95 back without me contacting my credit card company and having them handle it? ***End Of Email*** This is what we commonly refer to as charge-back threat. Anyone want to take a guess at the percentage of 'casual fraud'?
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Internet Fraud Complaints Rise 60 Percent in 2003
Posted by: John P. Mello Jr. December 30, 2003 07:53 AMThe past year was a good year for bad guys on the Web. Fraud complaints surged 60 percent to 120,000 from 75,000 a year ago, according to the Internet Crime Complaint Center in Fairmont, West Virginia. The Center, which changed its name last week from the Internet Fraud Complaint Center, maintains a database on Internet crime and acts as a clearinghouse for forwarding cases to various law enforcement jurisdictions. Founded in May 2000, the agency is a partnership between the FBI and the National White Collar Crime Center, a federally funded, nonprofit organization.
Users that sign up with us agree to a clearly marked 'non-refundable' notice (our fee is only $4.95). This is a clear example of why we are 'forced' to issue refunds to avoid a charge back fee.
***Real Email From A User***
I just joined an hour or so ago, and the site is completely not what I expected it to be. Is it possible to get my $4.95 back without me contacting my credit card company and having them handle it?
***End Of Email***
This is what we commonly refer to as charge-back threat.
Anyone want to take a guess at the percentage of 'casual fraud'?