
Both eBay and OZtion emphasised the necessity of constant monitoring.
Said eBay, “We put our effort into monitoring activity. When accounts act in certain ways, or in a way that isn’t typical to their history, that is the best indication that something’s changed or something’s going wrong.
“When an account is fraudulently taken over, in 98 per cent of cases it is locked down within 24 hours, and that’s industry leading. That’s because we spend a lot of effort on activity detection.”
OZtion agreed. “We have a model whereby we monitor seller behaviour extremely closely and we have an identification process that ensures buyers know they are buying items from reputable sellers,” said Druce.
“We always act quickly and responsibly if we notice any possible suspicious behaviour on our auction service. The key is to be pro-active in fraud prevention, and not act after the crime has been committed.”
According to Druce, OZtion’s security identification model and fraud protection services meant OZtion had a very low likelihood of fraudulent sellers manipulating its members.
OZtion said it recognised that low-level fraudsters would always try to target innocent traders, but the company’s mix of identification services and monitoring systems are working well.
eBay is Australia’s and the world’s largest online auction house, with over 276 million users worldwide. OZtion is the second largest online auction provider in Australia with more than 330,000 members and more than 820,000 items listed for sale. The provider's membership has jumped 70 per cent in the past year.