With bad economy looming around the world cyber crime seem to be becoming a bigger problem. In 2008 online crime increased by 33% over the year before, 2007.

2008   $264.6 Million
2007   $239.1 Million
……….
2001   $18 Million

What a jump from 2001 to 2008.

The most common complaint of 2008 was non-delivery of promised merchandise, followed by auction fraud, credit card fraud and investment scams, according to the report.

Scammers in the United States comprised 66 percent of complaints referred to authorities, followed by Britain at 11 percent, Nigeria 7.5 percent, Canada 3 percent and China 1.6 percent. Within the United States, the bulk originated in California (16 percent), followed by New York and Florida.

This problem will become a serious issue in near future. Because of weak laws, or less application of laws online crime is a favorite to many. And this thing not gonna go down, with more money rolling in the internet worst to come yet. Authorities all over the world should start acting fast on this issue before it gets out of hand.