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Ear to the Ground

Internet Fraud Losses Doubled in 2009

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Posted on Mar 13, 2010
Flickr / Don Hankins

$559.7 million was lost in Internet scams in 2009 alone.

From Nigerian “millionaire” plans to “FBI agent” schemes, millions of dollars have been lost to scams on the Internet. Last year saw reported losses from Internet fraud more than double, rising from $264.6 million in 2008 to $559.7 million in 2009. —JCL

Reuters:

Reported losses from Internet fraud more than doubled in 2009, with scams that falsely used the FBI’s name generating the most complaints, the law enforcement agency said on Friday.

The total dollar loss rose to $559.7 million last year from $264.6 million in 2008, based on amounts reported to the Internet Crime Complaint Center, a partnership between the FBI and the National White Collar Crime Center.

The number of complaints received increased 22 percent to 336,655 from 275,284.

Schemes in which scammers pretended to be affiliated with the FBI to gain information from victims accounted for 16.6 percent of all complaints received.

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By marcus medler, March 14, 2010 at 11:29 am Link to this comment

How does this loss translate to overall charges?
If it is you or I tough luck, but Chase! The
utopian gibberish of new tech promoters is
meeting the reality of our leaders inspired lack
of ethics. Remember it is all about
MONEY.(WINNING) This is an important fact that
is being trivialized like drunk driving slaughter
was until recently. The dark side of money
making is not to be mentioned in proper
society.

Report this

By ofersince72, March 13, 2010 at 9:07 pm Link to this comment

anybody want to buy a hillbilly puppy really cheap.???

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