FTC Says Internet-related ID Theft Reports Down, Losses Up

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FTC Says Internet-related ID Theft Reports Down, Losses Up

01-26-2006, 11:01 AM,

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mandy Offline

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FTC Says Internet-related ID Theft Reports Down, Losses Up

Quote:Internet-related identity theft and fraud complaints may be leveling off, but overall financial losses are growing from the security breaches, new data from the Federal Trade Commission (FTC) reveals...

Internet-related fraud complaints accounted for 46 percent of all reported fraud complaints in 2005, with monetary losses of more than $335 million. In 2004, Internet-related fraud complaints totaled 52 percent of all complaints with reported losses of $271 million.

After ID theft, the top sources of Internet fraud complaints originate with online auctions (12 percent), foreign money offers (8 percent) and Internet services (5 percent)...

full article: http://news.earthweb.com/stats/article.php/3579936

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