Internet Crimes Affect 1 in 3 Online Users in China

Internet Crimes Affect 1 in 3 Online Users in China

One in three online users in China have been affected by some type of Internet crime, according to a new report released this week by the People's Public Security University of China.

An average of 700,000 online users fall victim to Internet crimes every day in China. The Global Times reported that this will cost the Chinese economy over $46 billion dollars in 2012. Many of these victims involve relatively small amounts of money and are therefore not reported.

The most common Internet threats are fraud, pyramid selling, prostitution and theft of personal information. Phishing is also a problem in China.

The government estimates that 564 million people in China now use the Internet, a 10 percent increase over year-ago figures.

This entry was posted in Credit Card News and tagged , , , , by Lynn Oldshue. Bookmark the permalink.
The information contained within this article was accurate as of January 30, 2013. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website.
Editorial Disclosure is an independent, for-profit web site. participates in the Affiliate Network, and receives compensation from most of the credit card issuers whose offers appear on the site. This compensation helps support our website and enables us to write insightful articles to help you manage your credit card accounts. This compensation, as well as the likelihood of applicants’ credit approval and our own proprietary website guidelines, may impact how and where the cards appear on our site. does not include all credit card companies or every available credit card offer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Every reasonable effort has been made to maintain accurate information, however credit card offers change frequently. After you click on an offer you will be directed to the credit card issuer’s secure web site where you can review the terms and conditions for your offer.

About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.