Yahoo says net auction fraud plunged after enhanced ID checks
Yahoo says net auction fraud plunged after enhanced ID checks
Internet auction fraud plunged sharply after enhanced ID checks and other steps were taken with reported damage last year reduced to about 10% of what was the worst year ever in 2005 according to Yahoo Japan Corp the operator of Japan’s largest Internet auction site. The Tokyo-based company said that in the first nine months of last year it paid around 90 million yen in compensation to winning bidders on Yahoo Auction who claimed they …