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US has the Highest Rate of Internet Crime, says IC3 Internet Crime Report

Internet Crime Dollar Loss Internet Crime Complaint Center’s (IC3) 2007 Internet Crime report suggests that, in 2007, dollar loss reported from Internet crime reached up to $239.09 million. This number is considered to be the highest loss till date.

IC3 registers field complaints about online crime on behalf of the Federal Bureau of Investigation and the National White Collar Crime Center.

According to IC3’s records, 206,884 complaints were recorded in 2007 through its website while, 219,553 complaints were received through other methods last year. Amongst them, nearly 90,008 complaints were found to be appropriate for investigation. Most of these complaints alleged fraud and financial loss.

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The dollar loss for these complaints came to $239.09 million, while a median loss is $680 per complainant for the year 2007.

If these figures were to be compared with previous years, in 2006; 207,492 complaints were received. In 2005 and 2004 IC3 recorded 231,493 and 207,449 complaints respectively.

“The Internet presents a wealth of opportunity for would-be criminals to prey on unsuspecting victims, and this report shows how extensive these types of crime have become,” said James E. Finch, assistant director of the FBI’s cyberdivision.

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“What this report does not show is how often this type of activity goes unreported. Filing a complaint through IC3 is the best way to alert law enforcement authorities of Internet crime,” he added.

Moreover, the report also suggests that 75 percent of the cybercriminals were men. Such cyber-criminals mainly reside at California (15.8%), Florida (10.1%), New York (9.9%), Texas (7%), Illinois (3.6%), Pennsylvania (3.5%), or Georgia (3.1%).

Also an Internet Crime report says that the US possesses the highest rate of Internet crime with 63.2 percent, followed by UK and Nigeria with 15.3 percent and 5.7 percent.

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E-mail was reported to be the most common means by which cybercriminals made contact with their victims, while auction fraud is the most common type of fraud reported.

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