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Jan 28, 2006

Consumer frauds reported to FTC in 2005

The US Federal Trade Commission reports on the 685,000 complaints of fraud and identity theft they received during 2005, costing consumers an average of just under $1,000 each (yes, that's a whopping $680m!). Just under half the complaints were Internet related, slightly down on recent years. Identity theft was slightly more common than 2004 but again slightly down as a proportion of the total. Perhaps information security is starting to have a positive effect?
More IT-related fraud resources