India takes 5th place in Internet rip-offs: Report

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Internet Fraud
Washington, Mar 31: Internet rip-offs have increased to 33 per cent last year causing $265 million loss to the victims. India takes the fifth position, according to a new report. US tops the list with 275,284 reports (92.4 percent), followed by Canada with 1.77 percent, Britain (0.95 percent), Australia (0.57 percent) and India 0.36 percent.

The report has been filed by the Internet Crime Complaint Centre, a partnership of the Federal Bureau of Investigation (FBI) and the National White Collar Crime Centre. The three bodies started keeping statistics since 2000.

"This report illustrates that sophisticated computer fraud schemes continue to flourish as financial data migrates to the Internet," said Shawn Henry, the FBI's assistant director of the cyber division.

At $265 million the total dollar loss from such crimes was $26 million more than the price tag in 2007, the Centre said. For individual victims, the average amount lost was $931.

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