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FTC: Americans lost $1.1 billion to impersonation scams in 2023

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April 1, 2024 at 12:45PM Impersonation scams in the U.S. saw $1.1 billion in losses last year, a three-fold increase from 2020, says the FTC. Of 490,000 reported scams in 2023, 330,000 were business impersonations. Scams are mostly conducted through phone, email, and text, with blurred lines between business and government impersonation. The FTC highlights … Read more

Americans lost record $10 billion to fraud in 2023, FTC warns

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February 9, 2024 at 10:24AM The FTC reported over $10 billion losses to scammers in 2023, a 14% increase from the previous year. Ransomware payments also hit a record of over $1.1 billion. Imposter scams were the most reported fraud, with investment scams leading in losses. The FTC added 5.4 million consumer reports to their … Read more