FBI's IC3 Has Logged Two Million Internet Crime Reports

Tuesday, November 16, 2010

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In what can only be viewed as an indication of the systemic nature of Internet criminal activities, the FBI has announced that the Internet Crime Complaint Center (IC3) has received two million reports of online offenses since its inception in 2000.

Statistics reported by the organization, which was was established as a partnership between the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C), indicate the losses from cyber crime have doubled in recent years.

It is important to note that the statistics are based only on data from crimes reported to IC3. Many crimes go undiscovered or unreported to the agency, so the actual number and associated losses may be much higher.

"Complaints range from fraud and non-fraud categories, including auction fraud, non-delivery of merchandise, credit card fraud, computer intrusions, spam/unsolicited email, and child pornography. The top five categories of complaints include non-delivered merchandise and/or payment; identity theft; credit card fraud, auction fraud, and computer fraud," reports  NetworkWorld's Michael Cooney.

Consumers and businesses must be proactive in addressing security issues, as these problems are only compounded by a lack of awareness, failure to follow security best practices, and general complacency.

Information security professionals have produced several reports over the last few years that indicate solutions to the vast majority of system-based vulnerabilities are readily available.

Though it is unlikely internet crime can ever be eliminated, due diligence can go a long way in reversing current trends, and will significantly reduce both the number of incidents and overall losses.

Source: http://www.networkworld.com/community/blog/fbi-site-hits-2-million-online-criminal-compl

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Ulf Wolf That is one amazing statistic.

One act of due diligence, and the best way I know to guard against being ripped off by online sales or auctions of any kind, Craigslist and eBay included—and whether seller or buyer—is to use a *bona fide* online escrow company. Especially for pricier items like antiques, frakelry and autos. Although it does add some cost, it takes the uncertainty out of the transaction, and that’s a small price to pay for peace of mind.

For my money, the best bona fide online escrow (and there seems to be ten fraudulent escrow sites for every bona fide one) is probably Escrow.com (http://escrow.com). In fact, it’s the only one that eBay recommends, and is the only online escrow company that is licensed to provide escrow services all across the United States.

PS. For more information about avoiding online scams and frauds, go to Online Escrow at Wordpress.com (http://onlineescrow.wordpress.com/)

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