RealNews

Internet Fraud Grew in 2002, FTC Says

Hucksters and rip-off artists are increasingly finding a home on the Internet as online scams accounted for an increasing portion of consumer fraud complaints last year, according to U.S. figures issued on Wednesday. Identity theft — the practice of maxing out credit cards and running up bills in someone else’s name — topped a list compiled by the Federal Trade Commission, accounting for 43 percent of the 380,000 complaints logged by the agency and other consumer-protection organizations. Scam artists lured an increasing number of their victims through the Internet, relying heavily on Web sites and “spam” e-mail to pitch their schemes rather than over the telephone or through the mail. Full Story

OODA Analyst

OODA Analyst

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