Social media has opened many new opportunities–meeting people with similar interests and hobbies, buying and selling products, networking for a job or catching up with friends.
But as more people share information and transact business, Internet crime has risen. The Internet Crime Complaint Center (IC3) reports that Internet crime complaints increased by a third from 2007 to 2008. The most reported crime during that period was non-delivery of merchandise and payment. Other top crimes reported included credit and debit card fraud, computer fraud, identity theft and auction fraud.
One of the most commonly reported scams for 2008, according to the IC3, was identity theft, with online scammers posing as FBI employees seeking personal information, such as bank account information.
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