FTC-PR-240209-1 (Feb. 9, 2024)
As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up Efforts to Protect the Public – Investment scams lead in reported losses at more than $4.6 billion
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.
Consumers reported losing more money to investment scams—more than $4.6 billion—than any other category in 2023. That amount represents a 21% increase over 2022. The second highest reported loss amount came from imposter scams, with losses of nearly $2.7 billion reported. In 2023, consumers reported losing more money to bank transfers and cryptocurrency than all other methods combined.
Date: Feb. 9, 2024
Accessed: Sep. 9, 2024
Categories:
PDF Notes:
- The PDF viewer below disables the links inside the PDF file.
- The PDF file may be downloaded if you wish.
- All links within the PDF Download are fully functional.