E-commerce fraud to overrun traditional methods in 2-3 years

E-commerce fraud to overrun traditional methods in 2-3 years.

Online fraud is expected to increase rapidly in the coming years due to the robust development of e-commerce. This issue requires stronger State governance.

As of this October, the market surveillance forces nationwide have inspected nearly 2,500 commercial activities online and detected 2,300 violations, including violations on e-commerce platforms and other acts taking advantage of e-commerce to trade in smuggled goods, goods of unknown origin, goods infringing intellectual property rights and counterfeit goods, with fines handed out totaling more than VNĐ18 billion (US$782,600).

Scammers may set up multiple Facebook accounts and run ads, using professional product photos to attract buyers and only reply to questions on addresses and phone numbers through private messages. Some even live stream and receive hundreds of orders per day.