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The Latest on Internet Pharmacies, Supplements, Designer Drugs,
and Other High-Risk Merchants

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Pandemic Underscores Problem of Fake Medical Device Registrations

Products marketed to treat, mitigate, or prevent the COVID-19 virus have saturated the online market over the past year as consumers have become desperate to protect themselves and their families. While many people are now likely aware of the flood of deceptive claims made around drugs, supplements, and other products, LegitScript has observed another scam…

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How a New Federal Law is Transforming Online E-cigarette Sales

Online sales of e-cigarettes and other vaping products are undergoing a monumental shift in the United States. The Preventing Online Sales of E-Cigarettes to Children Act — passed in December 2020 as part of the 2021 Consolidated Appropriations Act — amended the Prevent All Cigarette Trafficking (PACT) Act by expanding the original definition of “cigarette”…

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Springtime Can Sprout Tax Scams and Marijuana Sales

What do taxes and marijuana have in common? At this time of year, both can draw cybercriminals seeking to capitalize on noteworthy dates: April 15, which is usually Tax Day in the US, and April 20, which is a day on which many celebrate marijuana. These are just some of the seasonal high-risk trends in…

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Decriminalization of Psychedelic Mushrooms May Boost Demand Online

In the United States, the legal status of hallucinogenic mushrooms appears to be at an inflection point. In May 2018, President Trump signed the “Right to Try Act,” which permits terminally ill patients to try drug treatments not yet approved by the FDA, including the use of some psychedelics. Furthermore, Oregon recently became the first…

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The Super Bowl Can Cause Super Problems for Payment Service Providers

Of the top 30 most-watched television broadcasts in the history of the United States, Super Bowl events comprise 29 of them. They have drawn as many as 114 million TV viewers per game and tens of thousands of in-person spectators. That’s an attractive audience for anyone looking to target consumers, including cybercriminals and others engaged…

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AirPods Popular With Consumers and Counterfeiters

The holiday shopping season is in full swing, and both legitimate retailers and cybercriminals are looking to take advantage of this year’s boost in online commerce. With its popular design and high demand, Apple’s AirPods are a prime target for merchants engaged in intellectual property violations. More than a quarter of suspected IP-infringing merchants LegitScript…

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How Typosquatters Trick Holiday Shoppers

December is a peak online shopping season, with Cyber Monday alone reaching billions of dollars in sales. Because the internet is flooded with deals, many shoppers let their guards down and become susceptible to typosquatters, who trick consumers into buying counterfeit products or giving away sensitive information. It’s important for payment service providers to be…

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Moneymaking “Secrets” Are Often Money-stealing Scams

With the coronavirus impacting many people’s jobs around the world, the need for additional income — especially while staying at home — is greater than ever. If there were an easy way to make quick money, all the while sitting in front of your computer for only a few short hours a day, who wouldn’t…

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Regulatory Scrutiny of E-cigarettes Elevates Payments Risk

Vaping and e-cigarette use has risen exponentially in recent years, particularly among youth. The Food and Drug Administration (FDA) has labeled this trend in youth and young adults’ e-cigarette use as an epidemic, which has ultimately contributed to a shift in regulatory and law enforcement scrutiny of tobacco and nicotine sales. Regulatory approaches to merchants…

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Transaction Laundering Is the Greatest Risk to a Portfolio, New LegitScript Report Says

Among many challenges in the payments risk and compliance space, transaction laundering remains the greatest risk to a portfolio. That is one of the key takeaways from LegitScript’s inaugural Payments Risk & Compliance Benchmarking Report. More than one-third of survey respondents reported transaction laundering as very challenging or extremely challenging, and it is the top…

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