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US consumers lose record amounts of money to Internet scams

ScamsIt's like the song says, "Everybody plays the fool."

The FBI reports that US consumers lost a record 239 million dollars to Internet scammers and thieves in 2007. Given the record number of spam emails being sent (which accounted for 75% of the Internet scams), and the mass amounts of money being made by scammers worldwide, this really shouldn't surprise us; it's kind of like reporting that peanut butter goes well with jelly.

Internet scams are a hot, and a big, business.

A couple interesting tidbits:

Even though the amount lost this year was higher, the actual number of complaints was down. This means that scammers are focusing more and more on big ticked items, such as work-at-home schemes and so forth.

Continue reading US consumers lose record amounts of money to Internet scams

Can you spot the fake web site?

Amazon.com?
How good are you at spotting a scammer web site? Sure, it's easy enough to do when you can take a look at the URL or scroll your mouse over links to see where they really lead. But can you tell just by looking at an image of a web site or email message whether it's the real thing?

McAfee has a little 10 question quiz to test your web savvy. Bet you don't get all 10 right. We scored a 9 out of 10, which is pretty good - but it only takes one wrong move to have your identity stolen.

Of course, McAfee's trying to get you to download their SiteAdvisor product, but it's a free download anyway.

[via Digital Inspiration]

Twenty years for a phisher

phishing scamWhat's better than spam? How about seeing a man found guilty of operating a phishing scheme face 101 years in prison? A 45 year old man in California was recently found guilty of posing as AOL's billing department and tricking people into giving him their credit card information, by using hacked Earthlink accounts and fraudulent web pages. Under the glorious Can-Spam Act, this guy has been convicted on multiple counts including wire fraud, and misuse of AOL trademark. So if you have noticed a little decrease in the amount of spam in your inbox, most likely it stems from cases like this. The government taking spam issues extremely seriously and laying down the law, it seems as though fewer and fewer spammers and phishers are in operation. Look out for final sentencing information that will be announced on June 11th for this case.

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