Males Make Better Marks

April 4, 2008 RSS Feed Print

Bad news, guys—a new report says online fraudsters have more success targeting men than women.

"Data compiled from more than 206,000 complaints received last year by the U.S. Internet Crime Complaint Center (IC3) shows that men lost $1.67 to every $1 lost by women in online fraud," IDG-News-Service reports.

Even worse: "Men also tend to be the victims of check fraud (average loss: $3,000) and Nigerian letter fraud scams ($2,000)."

So what accounts for this discrepancy?

The report quotes John Kane, the IC3 research manager who analyzed the data, as saying that "men tend to fall victim...to business investment schemes and some other schemes that have a higher dollar loss."

Full article is here.

Study press release is here.

Tags:
internet,
fraud

Reader Comments

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

The Collar

Luke Mullins is an associate editor at U.S. News, covering banking, real estate, and white-collar crime. He came to the magazine from the American Banker, a financial services daily newspaper, after a stint in the Peace Corps in West Africa and 18 months coaching baseball in the Dominican Republic. Mullins earned a master's degree in journalism from Syracuse University in 2005 and now lives in Washington, D.C., where he grew up. He has written about white-collar criminals for the American magazine, and his work was included in 20 Something Essays by 20 Something Writers: The Best New Voices of 2006, a Random House anthology that appeared on the Boston Globe's bestseller list.

advertisement