Merry Fraudsmas! If it's too good to be true, it probably is

Christmas is a particularly lucrative season for shopping and much of the trading takes place online at various second-hand sites. This increases the risks from:

1. Online shopping and auction fraud

2. False advertisements

Ho-ho-hold up, do not fall for Christmas scams

Criminals exploit second-hand sites to commit fraud

Online market places exist in various forms and can be organized (e.g. Ebay) or less organised (e.g. social media platforms). Both types of online markets are abused by fraudsters.

Online shopping and auction fraud

These fraud types can occur in various ways

The fraudster can use an original website for second-hand trading or auctions to redirect the victim to a fraudulent website. The fraudster can also create fake accounts on legitimate websites.

The peculiar thing with fraud on online trading platforms is that the victim can be both the buyer and the seller.

An indicator of fraud is an alarmingly low starting bid for an expensive item.

False advertisements

Fraudsters also post false ads on second-hand sites in order to trick people into buying good that either doesn't exist or that they will never receive

The most frequently reported false ads are related to mobile phones and other electronics, but can also relate to other types of goods such as cars, clothing and accessories.

Society and your customers need your help to stop the fraudsters this Christmas

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