Quote:
Originally posted by tony404
Your right I just read a article on a fbi site, auctions are number one in fraud by a big margin. We are probably number one in friendly fraud lol.
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Now we're talking simply fraud, and not just credit card fraud.
If we look at the list that taboo_dude posted, we see that although online auctions accounted for 90% of online fraud, only 34% was paid with credit cards.
The list also seems to be talking about fraud where the victim is a surfer rather than a company or a credit card issuer. It doesn't account for friendly fraud against merchants, or credit card fraud where the issuer or acquirer suffer the loss.