Fraudsters reaping profits on internet

By
Follow google news

Internet-related complaints accounted for more than half of all fraud reports filed with the Federal Trade Commission last year.

In a report released Tuesday, the FTC said it received 635,173 consumer complaints about fraud and identity theft. Internet-related complaints made up 53 percent of all reported fraud complaints, with monetary losses of more than $256 million.


Identity theft accounted for 39 percent of all fraud complaints filed last year, but the FTC did not specify how much of that was internet-related.

Outside of identity theft, the top fraud complaint was internet auctions.

About 57 percent of fraud complaints cited internet solicitations as the initial form of contact, with email accounting for 35 percent and the web for 22 percent.

www.ftc.gov

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:

Most Read Articles

WA man jailed for at least five years for evil twin attack

WA man jailed for at least five years for evil twin attack

Home Affairs to unleash AI on sensitive government data

Home Affairs to unleash AI on sensitive government data

Watt flags more fed insourcing after BoM website outrage

Watt flags more fed insourcing after BoM website outrage

Labor bets on agency to monitor AI companies

Labor bets on agency to monitor AI companies

Log In

  |  Forgot your password?