US Citizens lost $239 million from Internet fraud in 2007

By on
With the Internet now a common part of daily life for an increasing number of people, it should be no surprise that Internet fraud has become a serious concern for everyone that utilizes email, auctions, on-line shopping, and more. And while the number of reported crimes in 2007 was lower than in each of the last three years, according to the Internet Crime Complaint Center’s 2007 Internet Crime report, the dollar loss reported from Internet crime reached an all-time high last year.

According to the report, the total dollar loss to the fraudsters was $239.09 million in 2007 – up from 198.44 million in 2006 – with email still the most common means by which criminals made contact with their victims and over 60 percent of complaints revolving around auction fraud and non-delivery of merchandise. Other reported incidents include credit/debit card fraud, spam, and identity theft. Check out the complete report here.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.