The Internet crime complaint center (IC3) is a federal watchdog agency formed as a partnership the National White Collar Crime Center (NW3C) and the FBI that serves as a center to receive, process, and refer criminal complaints regarding the rapidly expanding area of cybercrime. Its 2008 Annual report shows a 33 percent increase in complaint submissions over 2007, which is the trend over this decade. The total losses from 2008 complaints were $265 million with a median loss of $931,000 per complaint.