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

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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Bharath Balakrishnan 19 Dec 2009 11:20 pm
There seems to be also a new fraud scheme now that its time for filing Income tax returns in India and receiving refunds. I received a scam email from refund@incometaxindia.gov.in saying I hold a large refund and I should submit my details. I would recommend for anyone NOT to click on links on this emails. If you wish to check status of your refund, just go to income tax website in India and check status of your refund using your PAN number. DO NOT FALL FOR THIS SCAM. Consider this message from a fellow Indian and a Global Citizen.
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