Fraud Statistics

The US Federal Trade Commission (FTC) has released a report showing some statistics on fraud for 2007. These statistics come from people who report incidents of fraud to them, so it’s really limited to USA. The problem worldwide would be much much worse.

The top 20 complaint categories were:

Rank    Category    Complaints

  1. Identity Theft    258,427
  2. Shop-at-Home/Catalog Sales    62,811
  3. Internet Services    42,266
  4. Foreign Money Offers    32,868
  5. Prizes/Sweepstakes and Lotteries    32,162
  6. Computer Equipment and Software    27,036
  7. Internet Auctions    24,376
  8. Health Care Claims    16,097
  9. Travel, Vacations, and Timeshares    14,903
  10. Advance-Fee Loans and Credit Protection/Repair    14,342
  11. Investments    13,705
  12. Magazines and Buyers Clubs    12,970
  13. Business Opportunities and Work-at-Home Plans    11,362
  14. Real Estate (Not Timeshares)    9,475
  15. Office Supplies and Services    9,211
  16. Telephone Services    8,155
  17. Employ. Agencies/Job Counsel/Overseas Work    5,932
  18. Debt Management/Credit Counseling    3,442
  19. Multi-Level Mktg./Pyramids/Chain Letters    3,092
  20. Charitable Solicitations    1,843

That’s 258,427 cases of identity theft in one year, in one country! The total fraud losses recorded in this report totals more than $1.2 billion. The full report is here.

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