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John Stith
Thursday: 01.26.06

British Parliament Hacked

The Federal Trade Commission (FTC) released their top 10 list on Wednesday and it's got some interesting details. Identity theft topped the list and accounted for about 255,000 of the 686,000 complaints filed over 2005.

The FTC receives complaints via a toll free number or online and are share through a secure database of more than 1400 law enforcement agencies at all levels as well as similar agencies in Canada and Australia.

"With a call or a click, consumers can file complaints with law enforcers across the country and around the world," said Deborah Platt Majoras, Chairman of the FTC. "These reports provide ammunition that helps law enforcers fight fraud and identity theft."

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While identity fraud made up more than a third of complaints at 37%, a number of other Internet areas attracted attention also:
  • Internet Auctions - 12 percent

  • Foreign Money Offers - 8 percent

  • Shop-at-Home/Catalog Sales - 8 percent

  • Prizes/Sweepstakes and Lotteries - 7 percent

  • Internet Services and Computer Complaints - 5 percent

  • Business Opportunities and Work-at-Home plans - 2 percent

  • Advance-Fee Loans and Credit Protection - 2 percent

  • Telephone Services - 2 percent

  • Other - 17 percent
They put together a few other statistics as well:
  • Internet-related complaints accounted for 46 percent of all fraud complaints.

  • The percent of Internet-related fraud complaints with "wire transfer" as the reported payment method more than tripled between 2003 and 2005.

  • The major metropolitan areas with the highest per capita rates of consumer fraud reported were Washington, DC; Tampa/St. Petersburg/Clearwater, FL; and Seattle, WA.

  • Credit card fraud was the most common form of reported identity theft, followed by phone or utilities fraud, bank fraud, and employment fraud.

  • The most frequently reported type of identity theft bank fraud was electronic funds transfers.

  • The major metropolitan areas with the highest per capita rates of reported identity theft were Phoenix/Mesa/Scottsdale, AZ; Las Vegas/Paradise, NV; and Riverside/San Bernardino/Ontario, CA.
A lot conclusions can be drawn from this information. One would be online auction houses, the most dominant of which is eBay, need to do more to toughen up their defenses against such things. Another point is people at home must be much more vigilant and careful about what they put on their computers. Many of the eBay problems coming from phishing scams in the first place.

About the Author:
John Stith is a technology writer with SecurityProNews.

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