Ecommerce scams are directly linked to credit card fraud online and identity theft. This is where scammers and criminal groups use stolen credit cards to purchase products from ecommerce sites. Online business establishments that sell digital goods and virtual services are usually targeted by a lot of fraudsters for ecommerce scams. That’s because they can immediately use the products and have the services rendered without providing a track-able shipping address for their purchases.
Some of the more sophisticated criminal syndicates establish safety drop-off points. They do this through other scams like dating fraud online and fake money-making opportunities where they trick users into agreeing to accept products on their behalf with the promise of lucrative payouts. They use these safety drop-off points to receive physical goods that they purchased through stolen credit cards and hacked bank accounts.
They make money from this system by selling wildly popular products at ridiculously low prices in the Deep Web. These are usually computers, laptops, mobile devices and the like. Many of their customers for these stolen products are also criminals. This is generally how some of the most prevalent fraud online scams today are done.
However, almost all fraudsters and criminal groups try to think of new ways to victimize as many users as possible with little to no resource cost on their part. They do this to circumvent the latest online security protocols today, and they also know that their current Web crimes would no longer be effective once many users become aware of their schemes and tactics. This is where auction fraud online comes in.
How Do Scammers Commit Auction Fraud Online?
With the popularity of auction sites, many fraudsters and criminal groups have started to target bidders at these Web platforms. This is where a group of users try to outbid each other for an auctioned product that they want. What many scammers do to commit auction fraud online is to contact losing bidders of recently closed auctions.
They first gather the usernames of losing bidders at their target auctions. Then, they use the same platform to open auctions for products that many of their target victims would most likely want to bid on. Once they lure their intended victims to their fraud online auctions, they can send direct messages to those bidders.
That’s the time they try to trick bidders into sending money through cash-only remittance centers so as to get the auctioned product at exclusive discounted prices. In most instances, they wait for the auction to end before they contact the losing bidders. They tell those unsuspecting users that they can get the auctioned product by sending a certain amount of money to them because the winning bidder just turned down the auctioned product. Of course, they don’t intend to award the winning bidder the auctioned product, and they’re just there to steal the money of users who fall for their fraud online auctions.
Other scammers and criminal syndicates use different schemes and tactics to commit auction fraud online. To learn about the newest strategies and techniques that they use to lure their target victims into their cyber traps, you should sign up at BigScammers.Com. You’ll receive email alerts whenever a user posts a scam complaint or files a Web crime report in this online community. This means you won’t just know about the latest auction scams today, but also about the other prevalent Web crimes and online schemes this year. This can allow you to quickly spot the tactics of those criminals and steer clear from their fraudulent schemes on the Web.