419 Advance Fee Fraud Statistics 2009
January 28, 2010
419
Advance Fee Fraud
- Money For Free Is Big Business
- The World’s Most Successful Scam
Highest Losses
- Over 41 billion US$ to date, 9.3 billion
in 2009
Highest Number of
Organized Perpetrators
- Over 300,000 globally. Growing 5% per
annum, faster then ever!
Highest
Number of Victims
- Millions of people have incurred a loss to 419 AFF
Centralized
counter-419 operations
- Reporting must be kept as simple for the public as possible, to
encourage maximum reports
419
Advance Fee Fraud moving to the east!
- Asia falling prey to classic Advance Fee Frauds
Money transfer agents
conduits to rip people off
- A significant number of money transfer
agencies are operated by criminal organizations
Cyber Crime Units or
Cyber War Departments
- The big gap in experience between
criminal and straight “experts”
Rizomatic dynamics
- The roots of E- Cyber Crime networks
February
19 2008 version
1.7
- Money For Free Is Big Business
The World Most Successful Scam
- Over 32 billion US$ to date, 4.3 billion in 2007
Highest
Number of Organized Perpetrators
-
Over 300,000 globally. Growing 3% per annum, faster then ever!
- Millions of people have incurred a loss to 419 AFF
No priority with authorities
- Talk is cheap; inadequate funding for anti e-cyber crime efforts
Rizomatic dynamics
- The roots of E- Cyber Crime networks
