FTC Report: 22% of reported fraud is net-based

Source: USA Federal Trade Commission

The FTC has released a report on fraud, revealing that 13.5% of adult Americans fell victim to some kind of fraud in the year under study. The three most common media for perpetrating fraud were print (27%), the Internet (22%), and TV/radio (21%). The most common kind of fraud was good old fashioned snake oil: fraudulent weight loss products.