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asacco
Managing Editor

FTC Releases List of Top Consumer Fraud Complaints

News
Jan 26, 20061 min
CSO and CISOData and Information Security

Yesterday, the Federal Trade Commission (FTC) released its annual report on consumer complaints about fraud and identity theft in 2005.

Atop the list were complaints about ID theft, accounting for roughly 255,000, or 37 percent, of the total 686,683 complaints filed last year.  Complaints are filed by phone or online, and are shared via a secure database with more than 1,400 federal, state and local law enforcement agencies, and with law enforcement officials 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 Majoras Platt, Chairwoman of the FTC.

Other top categories of fraud complaints in 2005 include Internet Auctions, Foreign Money Offers, Shop-at-Home/Catalog Sales and Sweepstakes/Lotteries, among others.

Additional findings:

  • Internet-related complaints accounted for 46 percent of all fraud complaints.
  • The major metropolitan areas with the highest per capita rates of consumer fraud were Washington, D.C.; Tampa/St. Petersburg/Clearwater, Fla.; and Seattle Washington.
  • The most frequently reported form of ID theft bank fraud was electronic funds transfer.

For more, read the FTC’s January 25 release.

-Al Sacco

asacco
Managing Editor

Al Sacco was a journalist, blogger and editor who covers the fast-paced mobile beat for CIO.com and IDG Enterprise, with a focus on wearable tech, smartphones and tablet PCs. Al managed CIO.com writers and contributors, covered news, and shared insightful expert analysis of key industry happenings. He also wrote a wide variety of tutorials and how-tos to help readers get the most out of their gadgets, and regularly offered up recommendations on software for a number of mobile platforms. Al resides in Boston and is a passionate reader, traveler, beer lover, film buff and Red Sox fan.

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