online consumer spending was
at a record $65.1 billion. More and more
people are attracted to the ease of online shopping and are spending higher
amounts. Unfortunately, the chances of
becoming a victim of Internet fraud are also increasing. The Internet National Fraud Center Watch
reported that the average loss to fraud victims for just the first six months
of 2005 was $2,579. This is compared to
the $895 average for all of 2004.
Complaints relating to general merchandise purchases (goods never
received or misrepresented) accounted for 30% of Internet fraud complaints, and
auction purchases (goods never received or misrepresented) topped the list at
44%.
While many e-commerce
Websites are reputable and have taken the necessary safety precautions to
protect you, it never hurts to always proceed cautiously. If you are making an online purchase consider
these easy steps:
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