14% of users read spam, and 4% buy products advertised in spam
Time wasted deleting junk e-mail costs American businesses nearly $22 bln a year. A telephone-based survey of adults who use the Internet found that more than 75% receive spam daily. The average spam messages per day is 18.5 and the average time spent per day deleting them is 2.8 minutes. The loss in productivity is equivalent to $21.6 bln per year at average US wages, according to the National Technology Readiness Survey produced by Rockbridge Associates and the Center for Excellence…
Americans lost at least $548 mln to identity theft and consumer fraud last year as the Internet provided new victims for age-old scams, according to FTC. The commission received 635,000 consumer complaints in 2004. Identity theft topped the list with 247,000 complaints, up 15% from the previous year. Fraud and identity theft cost consumers at least $437 mln in 2003.
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