As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up ...
Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark. This marks a 14% increase over reported losses in 2022.
New FTC Data Show Consumers Reported Losing Nearly $8.8 …
Newly released Federal Trade Commission data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year. Consumers reported losing more money to investment scams—more than $3.8 billion—than any other category in 2022.
Phishing Scams - Federal Trade Commission
4 days ago · Phishing is a type of online scam that targets consumers by sending them an e-mail that appears to be from a well-known source – an internet service provider, a bank, or a mortgage company, for example. It asks the consumer to provide personal identifying information.
New Data Shows FTC Received 2.8 Million Fraud Reports from …
Feb 22, 2022 · The FTC received fraud reports from more than 2.8 million consumers last year, with the most commonly reported category once again being imposter scams, followed by online shopping scams. Prizes, sweepstakes, and lotteries; internet services; and business and job opportunities rounded out the top five fraud categories.
How To Recognize and Avoid Phishing Scams | Consumer Advice
Scammers often update their tactics to keep up with the latest news or trends, but here are some common tactics used in phishing emails or text messages: Phishing emails and text messages often tell a story to trick you into clicking on a link or opening an attachment.
FTC Reports Outline Efforts to Combat Cross-Border Fraud and …
Oct 20, 2023 · The Federal Trade Commission has submitted two reports to Congress detailing the agency’s efforts to combat cross-border fraud through the U.S. SAFE WEB Act and work contributing to the fight against ransomware and other …
ReportFraud.ftc.gov
ReportFraud.ftc.gov is the federal government's website where you can report fraud, scams, and bad business practices. Visit consumer.ftc.gov to find tips and learn how to avoid scams. Privacy Policy
FTC Finds Huge Surge in Consumer Reports about Losing Money …
Jan 27, 2022 · Consumers in 2021 reported losing about $770 million to fraud initiated on social media—about one fourth of all reported fraud losses for the year and an 18-fold increase from 2017, according to the Federal Trade Commission’s latest Consumer Protection Data Spotlight.
Reports show scammers cashing in on crypto craze
Jun 3, 2022 · [7] From January 1, 2021 through March 31, 2022, people reported to the FTC that $417 million in cryptocurrency was lost to fraud originating on social media. $273 million of these losses were to fraud categorized as investment related, followed by romance scams ($69 million), and business imposters ($35 million).
Social media a gold mine for scammers in 2021
Jan 25, 2022 · Together, investment scams, romance scams, and online shopping fraud accounted for over 70% of reported losses to social media scams in 2021. But there are many other frauds on social media too, and new ones popping up all the time.