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Friday, January 23, 2004

ID theft, Net fraud top gripes of buyers



By Siobhan Mcdonough
The Associated Press

FRAUD COMPLAINTS
Top categories of consumer fraud complaints in 2003:
• Identity theft.
• Internet auctions.
• Shop-at-home/catalog sales.
• Internet services and computer complaints.
• Prizes, sweepstakes and lotteries.
• Foreign money offers.
• Advance fee loans and credit protection.
• Telephone services.
• Business opportunities and work-at-home plans.
• Magazine buyers clubs.
• Office supplies and services.
Source: Federal Trade Commission
WASHINGTON - Reports of Internet-related fraud now account for more than half of the consumer complaints filed with the Federal Trade Commission, the agency said Thursday.

Internet-related fraud was the subject of 55 percent of the more than a half-million complaints filed in 2003, up from 45 percent a year earlier, the FTC said. The median loss for victims of Internet-related fraud was $195.

Identity theft - stealing someone's personal information for financial gain - was the most common complaint the FTC received for the fourth consecutive year, the agency said. It represented 42 percent of all complaints in 2003, up from 40 percent the year before.

The most common cases of identity theft involved credit cards, followed by telephones or utilities, banks and workplace fraud.

But concern was growing about online transactions of any kind.

Internet auctions represented 15 percent of the complaints, while shop-at-home/catalog sales were 9 percent, and Internet services and computer complaints made up 6 percent.

Overall, 516,740 consumer complaints were filed last year, up from 404,000 in 2002.

The Washington, D.C., area had the largest number of fraud complaints as a percentage of the population, followed by Seattle, San Diego, Phoenix and Tampa, Fla.



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Minority-, women-owned businesses get a boost
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