OECD turns attention to online fraud

The Organization for Economic Cooperation and Development (OECD) has issued a report which it hopes will help governments address cross-border fraud, particularly fraud carried out over the Internet and telecommunications channels.

In the 33-page report, the OECD noted that current laws and enforcement systems are not up to the task of combatting cross-border fraud, which has the potential to become more widespread with the development of e-commerce technologies.

"The development of the Internet and improvements in telecommunications technologies have brought significant benefits to consumers in terms of price and choice and facilitated the globalization of markets through cross-border transactions," the OECD wrote in the report. "They have also provided unprecedented opportunities for businesses and individuals engaged in fraudulent and deceptive commercial practices to harm consumers from different jurisdictions and to evade enforcement authorities."

As well as urging international cooperation to beat online and other cross-border fraud, the OECD said that many countries might need to change domestic legislation to overcome barriers to effective cooperation with other countries. This will help lead to quicker identification of fraudsters and their location, the OECD said.

"Cross-border fraud operators strike quickly, victimize thousands of consumers in a short period of time and then disappear along with the proceeds of their frauds. They are able to escape prosecution in many cases because of the limited ability of law enforcement agencies to pursue them across national boundaries or share evidence with other national agencies," the OECD wrote in the report.

"(Wrongdoers) can use facilities in a variety of territories such as... Internet service providers... telephone providers, domain name registries, Web site hosting services, banks, credit card processors, call centers, data processing centers."

Countries will need to develop online tools to enable faster sharing of information on cross-border frauds among law enforcement and consumer protection agencies. The differing legal systems and mechanisms in various countries pose a problem which is not yet addressed by international judicial mechanisms and law enforcement cooperation, the OECD said.

The U.S. Federal Trade Commission in January set up a Web site to provide information about cross-border frauds, which it says cost U.S. consumers billions of dollars per year. According to the FTC, the most common cross-border frauds involve bogus prize promotions, foreign lottery schemes, advance-fee loan scams, fraudulent travel offers, and unnecessary credit card loss protection offers.

The FTC Web site is at http://www.ftc.gov/crossborder.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

David Legard

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?