We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Online auction fraud drops, says FBI

US complaints fall, but losses increase

Internet auction fraud remains the most frequently reported online crime, but complaints over online purchases that are never delivered are on the rise, according to data released by the US Federal Bureau of Investigation's Internet Crime Complaint Center (IC3).

Auction fraud complaints made up about 45 percent of the 207,492 complaints received by the IC3 last year, but that number is down significantly from 2005, when auction fraud was cited 63 percent of the time.

Overall, the number of complaints received by IC3 was down 10 percent from the previous year, when the IC3 logged 231,493 complaints. But the total dollar losses reported were up in 2006, totalling $198m for the year. In 2005 that number was $183m.

Complaints for non-delivery of merchandise represented 19 percent of complaints. They made up 16 percent in 2005.

Founded in 2000, the IC3 is a clearing house for all kinds of cybercrime complaints designed to track the prevalence of internet fraud in the US. It’s run in partnership with the National White Collar Crime Center.


IDG UK Sites

Best Black Friday 2014 tech deals UK: Latest bargains on phones, tablets, laptops and more this...

IDG UK Sites

Tech trends 2015: 3D printing grows up

IDG UK Sites

10 mind-blowing Oculus Rift experiments that reveal VR's practical potential

IDG UK Sites

Black Friday 2014 UK: Apple deals, Amazon deals & other Black Friday tech offers