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internet fraud

What do "trusted seller" and "Better Business Bureau member" mean in real life? As an overseas customer of Vesper & Co, sellers of collectable watches apparently with offices in New York found out, they mean you are on your own if the seller decides to misdescribe goods and then to ignore the purchaser.

At 17:58 this evening, we received a warning about a fake website for Hang Seng Bank (see story. At 18:58, a second warning arrived, this time about Wing Lung Bank. Here are the details

BIScom Subsection: 

ICANN is the global supervisory body for internet domains. But it's a commercial concern, given the nod by, primarily, the US government. Its failure to take steps to prevent the registration of fraudulent domains is spectacular but that pales against its dismal performance when an obviously fraudulent domain is reported. We know. We tested it when a fraudster registered and used a domain designed to appear as belonging to HM Revenue and Customs, (see Fraud / phishing scam uses "close enough" UK Revenue domain. The US Government conspires to facilitate widespread internet crime.

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