US online fraud and identity theft surges

Deals that look too good to be true often are...
Deals that look too good to be true often are...

America's Consumer Sentinel Network (CSN) had a busy year in 2008, tracking record increases in the number of online identity theft and fraud complaints by US consumers.

The secure law enforcement database, organised by US Federal Trade Commission, now contains 7.2 million complaints - with younger users proving particularly at risk.

Consumers reported paying over $1.8 billion (£1.3 billion) in those fraud complaints. The average amount lost was $440 (£310), up from $357 (£250) in 2007.

Mark Harris is Senior Research Director at Gartner.