Jun 19

Written by: Matt M
6/19/2008 1:20 PM

The Internet Crime Complaint Center (IC3) has published its "2007 Internet Crime Report." IC3 is a joint operation between the Federal Bureau of Investigation and the National White Collar Crime Center.

The 2007 report reflects a $40 million increase in reported losses from 2006 to 2007. Those 2007 losses amounted to $240 million with internet auction fraud comprising of 35.7 percent of the losses. Merchandise that was never delivered amounted to nearly 25 percent of the complaints and this was up 31 percent from 2006.

Financial fraud - credit and debit card, checks and computer fraud complaints totaled nearly 18 percent of the 2007 complaints received by IC3.

Here are some stats from the report:

Top 10 Cybercrime States:
California 15.8%
Florida 10.1%
New York 9.9%
Texas 7.0%
Illinois 3.6%
Pennsylvania 3.5%
Georgia 3.1%
Ohio 2.8%
Washington 2.8%
New Jersey 2.8%

Men complained of greater losses than women, losing $1.67 to each $1.00 lost by a woman.

Four hot areas for losses included scams on pets, checks, spam, and online dating sites.

A complete copy of the report is available from IC3, here.

What does this tell you about the importance of bank security on the internet? Post your comments to the CommunityBankSecurity.com blog!

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