Internet Fraud losses in 2009

in Business Risk

The total dollar amount in losses to Internet Fraud in 2009 was $559.7 Million, according to the FBI.  The losses in 2009 was more than doubled the losses of $264.6 Million in 2008.

There were 336,655 total complaints reported to the FBI in 2009, an increase of 22 percent from the previous year.

16 percent of all complaints and the most reported scam involved scammers pretending to be associated with the FBI in order to gain access to information from victims.

Source: “Reported cyberfraud losses double in 2009: FBI,” Reuters, March 12, 2010.

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