Some Facts About this Fraud
- Statistical Insight: In 2023, e-commerce fraud accounted for over ₹500 crores in losses across India, with a growing number of fraud cases involving counterfeit goods, phishing scams, and fake listings.
- Increase in Fake E-commerce Platforms: Research shows that around 15% of e-commerce platforms in some markets are either fraudulent or engage in deceptive practices.
- Scam Popularity During Sales Events: E-commerce fraud peaks during major online sales events like Black Friday and festive sales, as fraudsters exploit high demand for discounts to lure victims.