By Herman Lai, posted Aug 14, 2012 at 12:58 PM, 671 views,

Over 60 Million Chinese Online Shoppers Got Cheated Last Year

If you always shop on the Chinese internet, then you better be careful. A recent report indicated more than 60 million internet users in China had lost over 30 billion yuan (4.7 billion US Dollars) due to online fraud from June 2011 to June 2012, and nearly 32% of online shoppers have encountered fraudulent websites. What a horrible figure!

Industry insider claimed the number of online frauds continues to rise over time, despite the government has continuously conducted crackdowns on internet-related crimes. In the meanwhile, the number of online shoppers in China has increased by 33 million since the 2010-2011 period.

The frauds mainly occurred on online shopping websites, where buyers are not allowed refunds after purchasing. Other tricks include advertising fake products through search engines and luring customers with a fake site.

A police officer said online criminals are hard to trace since they employ advanced masking techniques, and that is part of the reason why online fraud has jumped up since 2010.

Source: Sina Tech via TNW