Gee, Here Is Some Shocking Ebay News (Not!)

Quote:
...More than 42,000 reports were made to Action Fraud, Britain's fraud reporting service, last year. The average loss was £1,349...

Quote:
as long as the "service provider has no knowledge or control over the information that is transmitted" it is not liable

Quote:
Experian, the credit reference agency, says fraudulent current account applications have doubled in three years.

Buster Jack said: "The regulators aren't regulating and the banks are failing to authenticate the details of criminals when they open accounts. "It's astonishing how easy it is to buy fake documents online. An account can be opened in days with imitation utility bills and some form of ID, which is usually legitimate."

Buster Jack said banks should be cross-checking the information – for example with utility companies. He argues if the fraudsters cannot open accounts then they would not be able to operate.