May 26, 2022

Here’s a staggering number: reported fraud losses in the U.S. in 2021 increased more than 70% over 2020 to more than $5.8 billion. It seems fraudsters are taking advantage of the vulnerabilities that have come along with a global pandemic.

Newly released data from the Federal Trade Commission shows impostor scams and online shopping scams top the list of 2.8 million consumer reports of fraud. Prizes, sweepstakes, and lotteries; along with business and job opportunities round out the top five fraud categories. And here’s another staggering number: impostor scams created an additional $1 billion loss in 2021 compared with 2020. Consumers over the age of 60 lost larger amounts of money than those under 60, with people in their 80s losing an average of $1,500.

Read more…

Leave a Reply

Your email address will not be published.