Half a billion lost to cybercrime…and that’s just what is reported

The Internet Crime Complaint Center (IC3) released its 2012 annual reporhacker 150x150 Half a billion lost to cybercrime…and that’s just what is reportedt today, and the numbers are not pretty. The total number of complaints filed with the federal group was 289,874, which is up from 2011. Just under half of those reported actually losing money, an average of $4,573 per complaint or a total of $525,441,110.

The IC3, a joint project of the Federal Bureau of Investigation and the National White Collar Crime Center, has been tracking Internet fraud and crime in the United States for 13 years (Canada uses IC3 as a model for its own program, as do the United Kingdom and Germany).

In 2012, the top types of Internet fraud had to do with auto sales, email scams that impersonate the FBI, intimidation/extortion (including threatening emails and “the grandparent scam”), “scareware,” real estate fraud, and romance scams. One of the most frightening is the “hit man scam,” in which the scam artist pretends to be a hit man hired to kill the intended victim unless they pay a fee. While it has not resulted in any deaths or even large monetary losses, the scam keeps resurfacing based on the latest news, using the names of terrorists groups or mentioning words like “Jihad” for additional intimidation.

For more information:

Read the full IC3 Annual Report

Learn about scams at BBB Scam Stopper

Sign up for weekly BBB Scam Alerts

Like us on Facebook

Follow us on Twitter

Related Posts:


About Katherine Hutt

Katherine R. Hutt, Director of Communications and Media Relations with the Council of Better Business Bureaus, is an award-winning communicator who has been helping nonprofit organizations tell their stories for the past 25 years. She was a CBBB consultant on numerous projects for more than a decade before joining the staff in 2011.