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VOPPIE
ONLINE TRADING SOLUTIONS
a safer alternative for
Buyers and Sellers
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Did You Know?
The three most common problems with trading online...
- non-delivery of merchandise and/or payment ranked number one at 32.9%.
- Internet auction fraud was the second most reported offence at 25.5%
- credit/debit card fraud at 9%.
Director Don Brackman of National White Collar Crime Center (NW3C) stated, The financial losses that result have an impact on each and every one of us. Every individual and business trading online is likely to at some stage be affected. It is obvious that buyers are at risk but it also has an affect on legitimate business growth due to the lack of consumer confidence trading online. Online trading is increasing, reportedly to increase by 10% in the next 2 years.
According to the Internet Crime Complaint Centre (IC3) 2008 Annual Report on Internet Crime, released 31 March 2008 reported that in 2004 the number of complaints received was 207,449 amounting to a $68.14 million dollar loss. In 2006 the number of complaints received was 207,492 amounting to a $198.44 million dollar loss. In 2008 the number of complaints received was 275,284 amounting to a $265 million dollar loss.
A full report is available from www.voppie.com/images/2008_ci3report.pdf