Author Topic: Sh#t hits the fan again at iStockphoto (Read 4917 times)

dannyray · « **on:** March 10, 2011, 19:05 »

rogermexico

Posted Wed Mar 9 2:27PM
Quote
A week from today we will be doing another lump removal of royalties attributed to verified fraudulent downloads that occurred in January and February 2011. We will send out an email tomorrow (March 10) to everyone affected, detailing the downloads affected and the amounts that will be removed for each one. We will remove these royalties on March 17.

The bulk of the unauthorized downloads in question took place in January. Since then we have seen a significant reduction in fraud. The amount of royalties removed for February was only about 10% of January.

We know how difficult it is to find out that royalties were fraudulent a month after the fact. We do not plan to do another mass pull of royalties like this again.

For more read the forum discussion here at newbielink:http://www.istockphoto.com/forum_messages.php?threadid=312142&page=1 [nonactive]

PeterChigmaroff · « **Reply #1 on:** March 10, 2011, 19:23 »

It wouldn't make too much difference to me but I see the bigger players into this for thousands. What was the nature of the fraud and what kind company doesn't take notice of such a large scale scam?

Jonathan Ross · « **Reply #2 on:** March 10, 2011, 19:52 »

Hi All,

It seems slightly unbalanced that our credits are covering their mistakes. I wouldn't mind if it was a one time deal but are we going to start seeing these every month or two? Must be awesome to own a company that when you don't conduct your business in a proper manner that it doesn't cost you a cent, I want to own a company like that

Best,
Jonathan

lisafx · « **Reply #3 on:** March 10, 2011, 19:54 »

Do we really need two threads about this?

OM · « **Reply #4 on:** March 10, 2011, 20:05 »

What is their incentive to beef up their security when they suffer no loss?
You can be * sure that if it were their loss, it wouldn't happen so easily and on such a large scale. Contributors suffer their images being stolen and no doubt they will be used in some illegal image bank in god knows where thereby depriving the image owner of possible future legal sales via the stock agency.

Blufish · « **Reply #5 on:** March 10, 2011, 20:06 »

Quote from: lisafx on March 10, 2011, 19:54

Do we really need two threads about this?

Took the words right out of my mouth.

RacePhoto · « **Reply #6 on:** March 10, 2011, 22:37 »

Quote from: Blufish on March 10, 2011, 20:06

Quote from: lisafx on March 10, 2011, 19:54
Do we really need two threads about this?

Took the words right out of my mouth.

+2 ?

visceralimage · « **Reply #7 on:** March 11, 2011, 00:43 »

Quote from: RacePhoto on March 10, 2011, 22:37

Quote from: Blufish on March 10, 2011, 20:06
Quote from: lisafx on March 10, 2011, 19:54
Do we really need two threads about this?

Took the words right out of my mouth.

+2 ?

The magnitude of this loss; heck yeah! Maybe three threads