LegitScript, the leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has released a special report that highlights the most critical illicit activity occurring online in the midst of the pandemic caused by the outbreak of the novel coronavirus. Misleading products that promise to prevent or cure COVID-19 put the public at risk of exacerbating the spread of a disease that has already killed tens of thousands worldwide.
LegitScript’s CEO, John Horton, said stopping these fraudsters has become one of LegitScript’s most urgent priorities. “This is about saving people’s lives,” Horton said. “There are consumers out there who are being duped into purchasing toothpaste, essential oils, or necklaces that they think will protect them, when really they do nothing at all. Worse yet, some people are putting themselves at risk by taking potentially dangerous drugs that have been unapproved to treat the virus.”
The 24-page report highlights the most critical illicit activity LegitScript has been working to track, including:
- High-risk domain name registrations
- Problematic diagnostics and supplies
- Bogus cures and treatments
- Rogue internet pharmacy opportunism
- Donation scams and nondelivery schemes
Furthermore, the report looks at future trends in cybercrime related to the pandemic that consumers, payment service providers, and e-commerce platforms should be on the lookout for in the coming months.
The full LegitScript report on cybercrime related to the pandemic is available as a free download at legitscript.com/covid19-report.
Since 2007, LegitScript has been making the internet and payment ecosystems safer and more transparent. The company combines big data with a team of human experts skilled in monitoring, certification, and high-risk products and websites. The result? Unmatched accuracy and deep risk analysis that identifies which commercial entities play by the rules, and which do not. LegitScript’s multidimensional view across the entire compliance ecosystem provides unique insights from all industries and angles, allowing businesses and governments to stay at the forefront of emerging high-risk trends. That’s why LegitScript is trusted by the world’s largest search engines, e-commerce platforms, payment companies, and regulatory agencies. For more information, visit legitscript.com.