How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s according to a Thursday (March 14) report by CNBC on the trend, which involves tricking merchants into...
April 04, 2024
The battle against the $101 billion returns fraud problem has reportedly taken a new turn. It involves sellers on Amazon sending off their wares, only to get “returns” that are in some cases literally junk, The Wall Street Journal (WSJ) reported Thursday (April 4). For example, there’s Barbara Boschen, who sells household products but has gotten back TV cable […]
March 14, 2024
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s...
