FTC received 247,000 complaints of identity theft in 2004

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.