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A Growth Industry Internet Crime

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by Mark Stein
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Mar 30 2009 1:48pm EDT

A Growth Industry: Internet Crime

It's barely a rounding error in the crooked books kept by Bernard Madoff or Bernard Ebbers, but cybercrime is still a lucrative -- and growing -- field.

A report [pdf] out today from the FBI says that the bureau's Internet Crime Complaint Center website talled a 33 percent increase in crime reports last year -- 275,284, compared with 206,884 in 2007.

Reported losses also grew, though at a slower pace -- up 11 percent to $265 million from $239 million in 2007, the FBI said. The average loss was $931.

YEAR COMPLAINTS
RECEIVED		 DOLLAR LOSS
2008 275,284 $265 million
2007 206,884 $239.09 million
2006 207,492 $198.44 million
2005 231,493 $183.12 million
2004 207,449 $68.14 million

by Mark Stein

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