Leading North American and European law enforcement agencies are finding it harder and harder to fight consumer fraud over the internet. Increased incidence of cyber crime and limited police resources in light of tax cuts and austerity measures have led to a growing number of fraud cases left unsolved or without formal investigation.
The Chief Executive Officer of consumer information providers and statisticians Euro-Info has pointed out that “taking advantage of gaps in the European judicial system, which has effectively created a legal no-man’s land with regard to cross-border transactions, fraud is carried out worldwide on a grand scale.”
The latest statistics from EU monitoring agencies indicate that consumer fraud complaints are increasingly linked to the domain hosting of illegal internet sales platforms, with the incidence of e-fraud nearly doubling from 2008-2009 across the European Union.
Consumers making purchases from cross-border or transnational sites webhosting products online run the greatest risk of being defrauded and with extensive publication on the subject, only 8 percent of technologically literate Europeans used the internet to make a purchase from another European member state during the past twelve months.
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