Paul Luehr FTC Internet Fraud Program CBS News Correspondent Wyatt Andrews reports thousands have logged on to online fraud.
Some websites now demand real-life authentification of things they sell online.
It's is an age-old crime being applied to the new economy. Most transactions on web auction sites, like Amazon and Ebay, are honest. But the same freewheeling informality that makes these sites popular also makes them subject to abuse. Responding to the threat, Sotheby's, a real-world auction house, has adopted its famous formality online. The company, under investigation for possible commission fixing, has the toughest auction rules in cyberspace.