Fake escrow sites on the rise

Thursday, 18 March 2004, 2:17 PM EST

Fake escrow sites are increasing in number and sophistication, police and online watchdogs have warned.

Legitimate escrow companies offer online shoppers protection from fraud by acting as a third-party referee for buyer and seller in online transactions.

For a small cost determined by purchase price and method of payment (usually around 2.5 per cent of the selling price), the escrow company takes payment from buyers but will not release it to sellers until the goods are delivered.

By Dinah Greek at vnunet.

[ Read more ]




Spotlight

Cloned, booby-trapped Dark Web sites steal bitcoins, login credentials

Apart from being a way for dissidents and journalists to do their business without being spotted and identified by "the powers that be", the Dark Web is also a place where criminals sell and buy illegal wares and services and, apparently, where they also get robbed by scammers.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Jul 3rd
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //