Core Insights - The report indicates a significant surge in global e-commerce fraud risks, with 15 million risk clues identified in 2025, marking a 226% year-on-year increase, and 1.6 million related accounts captured, up 55% [10][13][11] - The primary regions contributing to these risks are Europe, China, and the United States, which together account for over 70% of global e-commerce fraud clues [15][21] - The operational model of fraud has evolved to a "global channel for lead generation + localized channels for transactions," indicating a sophisticated cross-regional attack chain [17][19] Group 1: Key Trends in E-commerce Fraud - The first trend is the AI-driven "evidence industrialization," where generative AI technology allows for the mass production of identity materials and appeal evidence, significantly increasing the success rate in audits and appeals [11][33] - The second trend is the escalation of logistics fraud risks, which have evolved from simple fulfillment violations to supporting counterfeit sales and malicious refunds through various deceptive practices [12][40] - The third trend involves the humanization of attack resources, where real individuals are engaged in critical processes like registration and appeals, utilizing genuine devices and networks to lower risk detection rates [12][48] Group 2: Attack Lifecycle and Risk Scenarios - E-commerce platforms face a full lifecycle attack system, with seller-side attacks focusing on account acquisition, supply of prohibited goods, and transaction settlements, characterized by process-oriented and scalable features [28][27] - Buyer-side attacks revolve around accounts, platform subsidies, payment, and after-sales rules, aiming to maximize platform subsidies and product value extraction [30][31] - Typical risk scenarios include brand counterfeiting, malicious refunds, marketing arbitrage, and logistics fraud, which are interconnected and form a systemic counteraction [50][51] Group 3: Market Dynamics and Pricing - There is a notable pricing disparity in the black market for seller and buyer accounts, influenced by platform location, merchant tier systems, and operational permissions, with higher prices reflecting greater scarcity and stricter risk controls [19][20] - The black market for e-commerce fraud is characterized by cross-regional attacks, where criminal groups leverage the internet's borderless nature to coordinate activities across different countries [21][23] - The report highlights that fraud tactics are increasingly sophisticated, with black market operations adapting to platform characteristics and consumer behavior to ensure profitability [58][59]

趋势一：AI伪造证据工业化，审核机制面临严峻考验 2025年最显著的变化是生成式AI在黑灰产领域的规模化应用。威胁猎人监测数据显示，围绕AI人脸欺 诈的黑灰产群组数从1月的116个攀升至12月的361个，增长超过三倍。 威胁猎人最新发布的《2025年全球电商业务欺诈风险研究报告》揭示了一个严峻现实：电商黑灰产已经 完成是黑灰产从"单点违规"向"全生命周期攻击"的全面升级。2025年，全球电商领域监测到的黑灰产风 险线索量达1500万条，同比增长226%。报告揭示了AI伪造证据工业化、物流作弊基础设施化、攻击资 源真人化、品牌仿冒货盘全球化、恶意退款专业化、全球攻击网络化等2025年电商黑灰产的六大核心趋 势。 趋势四：品牌仿冒货盘全球化，标准化体系形成 监测发现，品牌仿冒货盘海外仓已覆盖欧美多国，仿冒货盘品类主要覆盖了鞋服箱包 、美妆个护、电 子数码、保健品四大消费领域，这些品类的均是国际大牌高单价的仿冒商品，具备高客单价、高品牌溢 价以及具备高复购性。 同时，货盘黑产会针对不同平台基因适配不同的攻击策略，针对平台的入驻门槛和假货鉴别机制、流量 分发机制乃至当地消费者的偏好、观念和心理等平台"基因不同"，定制 ...

来源：金融时报客户端 当前，网络产业蓬勃发展，网络购物已成为大众消费的重要渠道。与此同时，电商产业链不法乱象增 多，严重侵害消费者合法权益、破坏公平市场竞争秩序、影响电商行业健康发展。记者从最高检了解 到，2024年1月至2025年6月，全国检察机关起诉涉电商领域相关犯罪1万余人。据最高检介绍，以下几 种常见乱象值得警惕：一是利用电商平台销售假冒伪劣商品屡禁不止。相较于传统售假犯罪，利用电商 渠道销售假冒伪劣商品的侵权成本更低、营销模式更新、售假渠道更隐蔽、治理难度更大。如检察机关 办理的袁某某等人生产、销售伪劣产品、销售假冒注册商标的商品案。袁某某购买不符合国家标准的化 肥颗粒后，使用他人商标及包装将化肥颗粒分装，通过其在某电商平台注册的9家网络店铺销售至全国 10余个省份，销售金额700余万元。又如检察机关办理的徐某某等人销售假冒注册商标的商品案。徐某 某等人明知他人提供的白酒未获得注册商标权利人授权或许可，仍通过某电商直播平台对外销售，销售 金额270余万元。二是电商领域公民个人信息泄露问题较为突出。电商行业涉及通信、物流、零售、互 联网等各个领域，掌握大量公民个人信息。在利益驱使下，部分从业者违规获取 ...

二是电商领域公民个人信息泄露问题较为突出。电商行业涉及通信、物流、零售、互联网等各个领域， 掌握大量公民个人信息。在利益驱使下，部分从业者违规获取个人信息并非法出售、提供。如检察机关 办理的成某某侵犯公民个人信息案。成某某利用任职某公司电商业务部的职务便利，多次将其在工作中 获取的30余万条跨境购物订单信息出售给他人。又如检察机关办理的张某某侵犯公民个人信息案。张某 某利用担任某科技公司信息安全负责人的职务便利，将公司后台电商平台的大量购物缓存数据导出后出 售。 据最高检介绍，以下几种常见乱象值得警惕： 三是依托电商直播实施的诈骗 需 警惕。一些不法分子通过电商直播平台，利用公众对直播商品真伪难 以鉴别的特点，精心设置直播话术，将廉价商品进行包装，以"高价回收"等为名实施直播诈骗行为，诱 导消费者购买。如检察机关办理的杜某某、石某某诈骗案。杜某某、石某某虚构南非某顶级珠宝品牌中 国代理人身份，伪造授权证书、检测证书，谎称直播间所售"三无"产品为南非珠宝，并以"高价回 收""保值增值"为诱饵，承诺一定期限后高价回购，后期再以"账号被举报""突发疾病"等拖延，待平台 钱款到账后人、店消失，转而注册新店铺继续行骗， ...