Internet Crime Organization has been founded in 2003 in Washington, DC by separating from public Anti-Crime "Organization Fight Crime" an independent unit specializing in Cyber Crime. Is was established on a voluntary basis and with ICC support to contribute to Governmental Electronic Crime Program and promote a better understanding of what Internet Crime is for people.

The purpose of such organization, as stated, is preventing crime, counter-measures and other means that are appropriate to provide accessible information to the public for total safety and welfare.

ICO also provides any information and research so that applicants could become proactive in the prevention of economic and cyber crime. Victims of crimes can rely on ICO to help them to register complaints and notify the appropriate authorities at local, state, and federal levels promptly, accurately, and securely. ICO has received complaints crossing the spectrum of computer related crime matters, to include on-line fraud in its many forms, Intellectual Property Rights (IP R) matters, Espionage (Theft of Trade Secrets), Intrusions (hacking), On-line Extortion, Money Laundering, Identity Theft and a growing list of other Hi-Tech crimes.

The Organization is an active participant of public legislative process regarding Internet Crime. ICO members were amongst active initiators of CAN-SPAM Act of 2003 bill.

Principal funding for ICO primarily comes from private foundations. ICO carries out investigations and computer related services for private entities. ICO receives no funding from state government, financial support is maintained by voluntary contributions only.