The majority of white-collar crimes such as advanced fee fraud, phishing or spoofing often go unreported. But when these crimes do make the news, it is because there are a large number of victims and a significant amount of money stolen.

Many law enforcement agencies do not have the trained personnel, funds, or advanced technology systems needed to adequately fight such crime. In addition, law enforcement agencies do not have the threat of severe penalties to deter people from committing such crimes. Often white-collar criminals risk committing such crimes because the fines or penalties are relatively minimal compared to the massive payoff potential. Read more about Utah’s effort to create a White Collar Crime Registry (similar to sex offender registry) for convicted fraudsters.

Advanced fee fraud (AFF) consists of any type of empty promise of receiving money. The goal of the fraudster is to delude the victim into thinking they are buying into a lucrative arrangement. Unfortunately, such scams are increasingly succesful, with global losses rising from $3.88M in 2006 to $12.73M in 2013. So who are the victims of such scams? Learn more about the specific traits that increase a person’s risk of becoming a victim of AFF.

By Amanda Vicinanzo
Senior Editor of Homeland Security Today
Special to In Homeland Security

Just days after the FBI alerted U.S. businesses to be on the lookout for malicious malware like the kind that took down the internal network of Sony Pictures, the Department of Justice (DOJ) announced plans to create a cyber crime unit to advise on electronic surveillance in cyber investigations and work with the private sector to prevent online crime.