Online Fraud Rises 33% Amid Recession, Report Says

Fraud on the Internet reported to U.S. authorities increased by 33 percent last year, rising for the first time in three years, and is surging this year as the recession deepens, federal authorities said. Internet fraud losses reported in the United States reached a record high $264.6 million in 2008, according to a report released from the Internet Fraud Complaint Center, run by the FBI and the National White Collar Crime Center.

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