Report: Internet Crime Still on the Rise

March 17, 2011

This week, the Internet Crime Complaint Center (IC3), a partnership between the FBI and the National White Collar Crime Center (NW3C), released its 2010 Annual Report about fraudulent activity on the Internet. The report found that online crime complaints increased substantially last year with 303,809 complaints of Internet crime, the second-highest total in IC3's 10-year history. “The figures contained in this report indicate that criminals are continuing to take full advantage of the anonymity afforded them by the Internet,” said NW3C Director Donald Brackman. “They are also developing increasingly sophisticated means of defrauding unsuspecting consumers. Internet crime is evolving in ways we couldn't have imagined just five years ago.” Advanced fee scams that fraudulently used the FBI's name were the most popular form of fraud (16.6 percent) followed by non-delivery of merchandise and/or payment (11.9 percent).


  • CNP Fraud Attempts up 30% in 2015, EMV to Blame? - Nov. 19, 2015
    CNP Fraud Attempts up 30% in 2015, EMV to Blame?

    The volume of fraud attempts rose 30 percent from 2014 to 2015, lending support to concerns that the transition to EMV in the U.S. will shift fraud for retailers from in-store counterfeit fraud to card-not-present fraud, according to a new analysis from ACI Worldwide.

  • Square Sets Expectations for IPO - Nov. 9, 2015
    Square Sets Expectations for IPO

    Square, a pioneer for small-merchant credit-card acceptance, said it expects a price range for its initial public offering of between $11 and $13 per share, which would yield a top-end valuation of $4.2 billion, according to an SEC filing.

  • Startup Betting on Better Passwords - Nov. 2, 2015
    Startup Betting on Better Passwords

    While biometrics are gaining momentum as the next wave in authentication technology, an Athens, Ga.-based startup says passwords aren't going anywhere and that it has developed a more secure way to leverage them for online payments or account opening.

  • EC Seeking Feedback on Cross-Border VAT Rules - Oct. 1, 2015
    EC Seeking Feedback on Cross-Border VAT Rules

    The European Commission (EC) is inviting businesses, industry groups and members of the public from around the world who engage in European cross-border e-commerce to help identify ways to simplify the Value-Added Tax (VAT) on those kinds of transactions.




Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:





CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here