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Tech Buzz 08/01

Online auction fraud, next-generation managed desktops and more

This story appears in the August 2001 issue of Entrepreneur. Subscribe »

Auction fraud: Buyersand sellers, beware! According to a study by market research firmeMarketer, most U.S. Internet crime takes place on auctionsites.

Rob Janes, an eMarketer analyst, says that given the popularityof auction Web sites such as eBay-which reportedly attracts 16million users per month-it's not surprising that 87 percent ofonline fraud in 2000 was found to be related to such auctions ineMarketer's "The E-Privacy and Security Report." Theaverage cost to online-auction fraud victims was about $600.
- Melissa Campanelli

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