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U.S. consumers reported losing more than $239 million from online fraud last year, up from $198 million in 2006, according to data released today by the FBI. Internet auction fraud (35.7 percent) and merchandise non-delivery (24.9 percent) were the most frequently reported types of cyber fraud. The median loss amount per fraud incident last year was approximately $680, the report said. The most costly scams involved investment fraud, which cost consumers about $3,500 per incident...Please click on the title to continue reading this entry.
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