The rise of the Internet goes hand in hand with the increase of fraudulent activities and scams happening in the online space. The latter issues aren’t going to disappear any time soon. This is what the recent FBI’s Internet Crime Complaint Center (IC3) in its 2019 Internet Crime Report reveals. For more details, just read below. You’ll also know where to find the right merchant account bad credit for your business.
FBI on Cybercrime: What About Merchant Account Bad Credit?
The report gives information about the IC3, the FBI’s work in fighting crime in the online space, and the most widespread scams, and not only.
Last year, IC3 received 467.361 complaints. About 1.300 complaints were sent on a daily basis. When it comes to the losses, they made up over $3.5 billion with regard to both individuals and businesses. According to the chief of IC3 Donna Gregory, criminals go on mastering their “skills,” and it’s increasingly more challenging to identify them.
The FBI’s report shows that the Business E-mail Compromise (BEC)/E-mail Account Compromise (EAC) scams accounted for the greatest financial losses last year. The affected 23.775 victims and resulted in $1.776.549.688 stolen funds.
Are you using reliable merchant services to protect your online transactions from fraud? If you need exceptional payment processing solutions, including a merchant account bad credit, work with a true high-risk payment expert in your field. This is how you can enjoy the most advanced fraud prevention and chargeback mitigation techniques for your eCommerce business.
FBI’s 2019 IC3 Internet Crime Report
Based on the report, the following crime types reported by victims last year were in the leading places:
Last year’s cybercrime complaints and the reported losses resulted in a 61% increase in reports last year as compared to 2015. Happily, to recover those funds, the FBI is applying streamlined efforts that proved to be successful internationally.
As you see, the FBI’s 2019 report on internet crime reveals a number of interesting facts. Both individuals and businesses that were victimized in the U.S. in 2019 experienced over $3.5 billion losses because of internet-related criminal activities and scams.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high-risk merchant account processor in the country that can best help you with merchant account bad credit. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.