Tuesday March 01, 2016

Study: Craigslist Catches Barely Half of Scam Listings

How can this be? Are these guys trying to say that there are scammers on Craigslist? I find that very hard to believe.

Rental scams on Craigslist and similar sites are not new, but this is the first systematic, empirical study of these scams. McCoy and his team analyzed more than 2 million rental listings on Craigslist over a five-month period to gain an end-to-end understanding of how such scams are structured and which strategies may undermine them. McCoy and his collaborators detected and analyzed about 29,000 fraudulent listings in 20 major cities, ultimately mapping the listings into seven distinct scam categories, most of which involved credit card payments.