FBI: Online Fraud Costs Skyrocketed in 2009
Summary: The FBI reported that losses from online fraud more than doubled in 2009, from $265 million in 2008 to nearly $560 million, based on complaints referred to the Internet Crime Complaint Center. The IC3 received 336,655 complaints that year, a 22.3 percent increase, with non-delivered merchandise and payment fraud at nearly 20 percent, identity theft at 14 percent, and credit card and auction fraud just over 10 percent each.
Why it matters: E-mail scams fraudulently using the FBI's own name made up 16.6 percent of complaints, and the median loss was $575 - with investment fraud at a median of $3,200, overpayment fraud at $2,500, and advanced-fee fraud at $1,500.
Read the original at Krebs on Security ↗
- Topics
- Cybercrime & Law Enforcement
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