Tuesday, June 10, 2014

Review of auto classifieds::How to Place a Classified Ad on Craigslist?







Review of auto classifieds::How to Place a Classified Ad on Craigslist?








               Online               auction               and               classifieds               websites               are               unwittingly               participating               in               car               sale               scams.

Ads               gain               credibility               by               appearing               on               eBay,               Craigslist,               and               other               online               automobile               sales               websites,               but               some               are               either               completely               phony               or               have               been               copied               and               pasted               from               other               websites.
               The               FBI's               Internet               Crime               Complaint               Center               received               nearly               14,000               complaints               from               2008               through               2010,               from               consumers               who               have               been               victimized,               or               at               least               targeted,               by               these               auto               sale               scams.

Of               the               victims               who               lost               money,               the               total               dollar               amount               is               staggering:               nearly               $44.5               million.
               The               FBI               explains               how               the               scam               works:
               "Consumers               find               a               vehicle               they               like-often               at               a               below-market               price-on               a               legitimate               website.

The               buyer               contacts               the               seller,               usually               through               an               e-mail               address               in               the               ad,               to               indicate               their               interest.

The               seller               responds               via               e-mail,               often               with               a               hard-luck               story               about               why               they               want               to               sell               the               vehicle               and               at               such               a               good               price.
               In               the               e-mail,               the               seller               asks               the               buyer               to               move               the               transaction               to               the               website               of               another               online               company….for               security               reasons….and               then               offers               a               buyer               protection               plan               in               the               name               of               a               major               Internet               company               (e.g.,               eBay).

Through               the               new               website,               the               buyer               receives               an               invoice               and               is               instructed               to               wire               the               funds               for               the               vehicle               to               an               account               somewhere.

In               a               new               twist,               sometimes               the               criminals               pose               as               company               representatives               in               a               live               chat               to               answer               questions               from               buyers.
               Once               the               funds               are               wired,               the               buyer               may               be               asked               by               the               seller               to               fax               a               receipt               to               show               that               the               transaction               has               taken               place.

And               then               the               seller               and               buyer               agree               upon               a               time               for               the               delivery               of               the               vehicle."
               Consumers               should               watch               out               for               the               following               red               flags:
               Cars               are               advertised               at               too-good-to-be               true               prices               Sellers               want               to               move               transactions               from               the               original               website               to               another               site               Sellers               claim               that               a               buyer               protection               program               offered               by               a               major               Internet               company               covers               an               auto               transaction               conducted               outside               that               company's               website               Sellers               refuse               to               meet               in               person               or               allow               potential               buyers               to               inspect               the               car               ahead               of               time               Sellers               who               say               they               want               to               sell               the               car               because               they're               in               the               U.S.

military               about               to               be               deployed,               are               moving,               the               car               belonged               to               someone               who               recently               died,               or               a               similar               story               Sellers               who               ask               for               funds               to               be               wired               ahead               of               time               Online               classified               and               auction               websites               could               work               together,               and               share               information               on               the               devices               running               these               scams,               through               the               device               reputation               service               provided               by               iovation               Inc.

Their               fraud               detection               service,               called               ReputationManager               360,               is               a               B2B               SaaS               solution               incorporating               complex               device               identification,               device               reputation               and               real-time               risk               profiling.

It               is               used               by               hundreds               of               online               businesses               to               prevent               fraud               and               behavioral               abuse               in               real               time               by               analyzing               the               computer,               smartphone,               or               tablet               connecting               to               their               online               properties.
               iovation's               "living               shared               database"               is               used               by               fraud               analysts               daily               and               shares               the               reputations               of               devices               from               literally               every               country               in               the               world.

This               reputation               is               a               combination               of               fact-based               evidence               (such               actual               chargebacks,               identity               theft,               online               scams               and               account               takeovers),               plus               what               risk               can               be               inferred               at               transaction               time.

Fraud               analysts               take               this               fight               seriously               and               submit               10,000               events               of               fraud               or               abuse               into               the               shared               database               each               day.
               Performing               a               device               reputation               check               on               a               scammer               attempting               to               create               a               new               account               at               a               sale               or               auction               website               would               stop               him               before               he               has               a               chance               to               post               advertisements               for               scams,               preventing               damage               to               the               business               and               its               customers.

And               when               one               of               your               good               customers               has               been               scammed,               you               can               submit               that               evidence               back               into               the               iovation               database               to               make               sure               it               does               not               happen               again,               whether               from               the               same               device,               or               a               related               device.
               Robert               Siciliano,               personal               security               and               identity               theft               expert               contributor               to               iovation,               discusses               scammers               and               thieves               on               The               Big               Idea               with               Donnie               Deutsch.

Disclosures.






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