Looking for love in the wrong (online) places costs $5,700 every hour

Graeme McMillan May 21, 2012 By

Just how much money is lost to spam email and other Internet scams every year? According to a new FBI report, the figure for last year was $485.3 million – and it’s going up every single year.

If your email is anything like mine, every day brings a new stream of messages that go directly into the spam folder with their promises of true love, hot sex or free money as long as you’d kindly fill in your personal details and send them along to make the transaction that little bit easier. And, if you’re anything like me, you’ll laugh at the new fictional sender name (Recently, the messages in my spam filters have either included the word “spam” as the sender’s last name – I imagine someone who’s actually called “Jessica Spam” getting frustrated every time one of her friends tells her that they didn’t see her email for some reason – or used the real names of popular movie directors and comic book creators from the 1980s) or mangled english used in the subject line, delete the message and wonder “Does anyone actually fall for that?”

The answer, according to the FBI’s Internet Crime Complaint Center – or IC3, for short – is a resounding, and somewhat depressing, yes. According to IC3′s 2011 Internet Crime Report, cyber crime rose 3.4 percent in 2011 compared with the previous year to an estimated adjusted dollar value of $485.3 million. The most common crime reported to IC3 during 2011 was, the report explains, “FBI-related scams, identity theft and advance fee fraud,” with most crimes reported in California (34,169 complaints filed), Florida (20,034), Texas (18,477), New York (15,056) and Ohio (12,661). California also hold the dubious crown of highest dollar losses reported, with a total of $70.5 million.  Read More

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Posted on May 21, 2012, in #social media and tagged , , , , , . Bookmark the permalink. Leave a comment.

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