When it comes to crooked online consumers New York City ranks
number one in the nation, followed by Miami and Los Angeles, according
to survey of companies victimized by online consumer fraud, which was
conducted by Mountain View, CA-based CyberSource Corp.
The Big Apple had the highest rate of credit card fraud, stolen
credit cards and improperly obtained credit information for online
orders in the survey, more than twice as many as Miami and Los Angeles
and 13 times higher than the San Francisco Bay area. Twenty-six percent
of the instances of reported fraud were from New York.
"Few merchants will publicly discuss this, but it's no
secret that some areas of the country have tarnished reputations due to
a high incidence of e-commerce fraud," said Doug Schwegman,
director of market intelligence at CyberSource.
One reason why Internet credit fraud is higher in New York may be
the high concentration of trans-shippers in the region, a person who
receives orders fraudulently for forwarding other parts of the world,
especially Nigeria, Indonesia and parts of Eastern Europe, according to
Schwegman.
As reported Dec 14, 2005 DirectNewsline
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