FAIRMONT, W. Va. – Fraud is costing consumers more. According to the Internet Crime Complaint Center (IC3) 2005 Internet Crime Report, the total dollars lost from all referred fraud cases was $183 million, up from $68 million in 2004. Topping the list of complaints was Internet auction fraud-comprising some 63% of referred complaints. Of the individuals reporting dollar losses, the highest median losses were found among Nigerian letter fraud($5,000), check fraud ($3,800) and other confidence fraud ($2,025). Here is a look at some other report findings:


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.