A record number of Swiss online traders say they have been victim of fraud this year, a new survey has found.
This content was published on
1 minute
Keystone-SDA/jc
According to the surveyExternal link by the CRIF consultancy, 97% of online companies questioned said they had been hit by fraud at least once this year, which is up 4.6% on 2018. The survey was carried out in partnership with the Swiss Association of Online TradersExternal link.
The most common form of fraud consisted of ordering goods and not paying for them. This was followed by people who placed orders using false information or stealing the identity of someone else.
For most companies, the losses were not more than CHF5,000 ($5,000). However, losses of CHF5,000 to CHF10,000 were up 7.7%, according to the survey. Losses of between CHF10,000 and CHF25,000 were up 2.8%.
More than 6% of online retail sites said that losses from fraud totalled more than 2% of their turnover.
More
More
Smartphone shopping boosts online trade
This content was published on
Online shopping accounts for ever more of the Swiss retail market as shopping via smartphone also becomes more popular with consumers.
FINMA director expects cooperation and transparency from banks
This content was published on
"I demand complete and unfiltered access to all information", said the director of the Swiss Financial Market Supervisory Authority said in an interview.
Swiss Senate wants additional billions for the army
This content was published on
The increase in the payment framework is intended to ensure that the army budget reaches the target value of 1% of gross domestic product by 2030.
Swiss Senate rejects special fund for army and Ukraine
This content was published on
There will be no CHF15 billion ($17 billion) special fund for the army and reconstruction in Ukraine. The Senate has clearly rejected a motion by its security policy committee.
Earthquake service reports 4.4 magnitude quake in central Switzerland
This content was published on
The earthquake was probably felt throughout Switzerland, according to the Swiss Seismological Service of federal technology institute ETH Zurich.
Swiss army taking part in NATO exercise in Germany
This content was published on
The Swiss army will be taking part in one of the largest air-operations exercises in Europe, which takes place in a different country each year.
This content was published on
Most of the 4,000 members of the armed forces who will be helping with various tasks from June 5 to 19 have now been deployed.
Legal action filed against pioneering Swiss large-scale Alpine solar plant
This content was published on
Three organisations have submitted an appeal with the administrative court in Bern against the planned large-scale solar plant in Oberwil.
Justice minister warns over Swiss parliament protest against climate ruling
This content was published on
Justice Minister Beat Jans says a possible declaration by the Swiss parliament against the European Court of Human Right (ECHR’s) recent landmark climate ruling against Switzerland could be problematic.
This content was published on
The measure will come into effect on January 1, 2019. Currently, online purchases from abroad that attract less than CHF5 ($5.01) in VAT are exempt. This translates into an upper limit of CHF200 worth of books or CHF62.50 of goods that don’t benefit from a favourable tax status. According to the VAT reform passed in…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.