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Consumers need more protection from online fraud, report says

A new report has stated that not enough is being done to protect consumers from fraud arising from online threats.

The report from the Center for American Progress has said that internet fraud threatens e-commerce and if the situation is not arrested consumer trust may dissapear.

According to the report, consumers are benefiting from internet commerce, which has brought about more convenience, more choices and lower prices.

"These benefits, however, are being threatened by high levels of fraud and abuse unique to the online environment," the report concluded.

"If problems such as malware, phishing, and spam are left unchecked, many consumers may lose trust and abandon e-commerce. Action is urgently needed to ensure this does not happen."

The report has made recommendations including the development of better computer forensic capabilities to trace and catch internet fraudsters and training investigators and prosecutors on how to catch cyber crooks among others.

Various studies state that over 80 per cent of all e-mails are made up of spam, which can contain online threats.

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