Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk //

Compliance

Men More Likely Than Women to Fall for Internet Fraud

Guys lose $1.67 to every $1 lost by gals, ICCC says

Call it the battle of the sexes -- or maybe just the battle of the hapless victims.

According to a new report from Internet Crime Complaint Center, which has compiled data from more than 206,000 complaints in the U.S., men lost $1.67 to every dollar lost by women on online fraud last year.

The findings come just a week after a London study proved that women are four times more likely to give up their passwords for a bar of chocolate than men. (See Women Are Four Times More Likely to Give Up Passwords for Chocolate.)

The ICCC says that buying patterns and human nature play into the findings. Historically, men are more apt to purchase large-ticket items, so they spend (and lose) more online. But the study also found that that men are more likely to be fooled into fraudulent business investments and other high-priced schemes.

Investment fraud complaints, where the average loss is more than $3,500, were overwhelmingly submitted by men. Men also tend to be victims of check fraud (average loss: $3,000) and Nigerian letter fraud scams($2,000), the study says.

So which is worse? Giving up all of your work passwords for a Cadbury bar, or falling for the age-old Nigerian con?

It's your call.

— Tim Wilson, Site Editor, Dark Reading

Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Stop Defending Everything
Kevin Kurzawa, Senior Information Security Auditor,  2/12/2020
Small Business Security: 5 Tips on How and Where to Start
Mike Puglia, Chief Strategy Officer at Kaseya,  2/13/2020
Architectural Analysis IDs 78 Specific Risks in Machine-Learning Systems
Jai Vijayan, Contributing Writer,  2/13/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-1842
PUBLISHED: 2020-02-18
Huawei HEGE-560 version 1.0.1.20(SP2); OSCA-550 and OSCA-550A version 1.0.0.71(SP1); and OSCA-550AX and OSCA-550X version 1.0.0.71(SP2) have an insufficient authentication vulnerability. An attacker can access the device physically and perform specific operations to exploit this vulnerability. Succe...
CVE-2020-8010
PUBLISHED: 2020-02-18
CA Unified Infrastructure Management (Nimsoft/UIM) 9.20 and below contains an improper ACL handling vulnerability in the robot (controller) component. A remote attacker can execute commands, read from, or write to the target system.
CVE-2020-8011
PUBLISHED: 2020-02-18
CA Unified Infrastructure Management (Nimsoft/UIM) 9.20 and below contains a null pointer dereference vulnerability in the robot (controller) component. A remote attacker can crash the Controller service.
CVE-2020-8012
PUBLISHED: 2020-02-18
CA Unified Infrastructure Management (Nimsoft/UIM) 9.20 and below contains a buffer overflow vulnerability in the robot (controller) component. A remote attacker can execute arbitrary code.
CVE-2020-1791
PUBLISHED: 2020-02-18
HUAWEI Mate 20 smartphones with versions earlier than 10.0.0.185(C00E74R3P8) have an improper authorization vulnerability. The system has a logic judging error under certain scenario, successful exploit could allow the attacker to switch to third desktop after a series of operation in ADB mode.