The amount of money lost from online fraud is staggering and scary at the same time. According to a recent report from, losses from online fraud more than doubled last year, from $265 million in 2008 to nearly $560 million in 2009, according to figures released Friday by the FBI.2009 Fraud Report

The figures come from complaints referred to the Internet Crime Complaint Center, a partnership between the FBI and the National White Collar Crime Center. Last year, the IC3 received some 336,655 complaints, a 22.3 percent increase from the year prior.

The largest sources of complaints (16.6 percent) were e-mail scams that fraudulently used the FBI’s name to gain information from the recipient. Other scams are the sales from rogue antivirus software also known as misleading applications where the seller tries to scam a user by purchasing the full software license in order to remove the fake threats reported by the software. Of the top five categories reported to law enforcement during 2009, non-delivered merchandise and/or payment fraud ranked nearly 20 percent; identity theft 14 percent; credit card and auction fraud, just over 10 percent each. The median dollar loss was $575, while the highest median losses were associated with investment fraud ($3,200), overpayment fraud ($2,500) and advanced-fee fraud ($1,500).


See the full report at