Internet and e-Commerce Misused - 26 Million Americans Duped Online
The chief of Saradha group Sudipto Sen was detained as he was cooling his heels from the 'heaven on earth' Kashmir, little he knows that hell like situation is awaiting eagerly for him and his accomplices once he lands in Kolkata. His empire of 120 companies ranged from real estate, chit funds and media. Well, if you thought it were poor Indians who fell into such ponzie schemes, you (Americans) need to be alert once again.According to an FTC data for 2011 an estimated 25.6 Million Americans (10.8 percent of the adult population) fell victim to fraud of various kinds. Victim Who? The fast paced online or e-commerce businesses have certainly has benefitted consumers leaving them with higher choice added with convenience, however it’s not always true as consumers are vulnerable and do not know the kind of risks associated with online transactions. The online section (email, social media, auction sites and classified ads, followed by print advertising, and TV and radi...