Consumers lost a record $10 billion to fraud in 2023, with digital tools making it easier for scammers to find targets. That total is 14% higher than the amount of fraud losses reported during the previous year, the Federal Trade Commission (FTC) said Friday (Feb....
Reported losses from scams originating on social media have reached $2.7 billion since 2021. That total has surpassed the losses associated with any other contact method, the Federal Trade Commission (FTC) said in a Friday (Oct. 6) press release. Social media enables scammers to manufacture a fake persona or hack...
Fraud has a price tag — and it keeps going up. As reported by the Federal Trade Commission last week, consumers lost $8.8 billion last year to various fraud schemes, a whopping 30% over the previous year’s tally. The FTC reported that this past year...
New government data shows digital natives are falling for some online scams more than elders. In short, engagement — not age — is the primary predictor of an online attack. According to the Consumer Protection Data Spotlight report from the Federal Trade Commission (FTC) released...
May 01, 2024
Fraud targeting older Americans’ money or cryptocurrency increased by double-digit percentages in 2023. The number of complaints of elder fraud increased by 14% during the year, while the associated losses rose by 11%, the FBI’s Internet Crime Complaint Center (IC3) said in a Tuesday (April 30) press release. Individuals 60 years and older reported 101,068 of these scams in […]
February 09, 2024
Consumers lost a record $10 billion to fraud in 2023, with digital tools making it easier for scammers to find targets. That total is 14% higher than the amount of...
October 06, 2023
Reported losses from scams originating on social media have reached $2.7 billion since 2021. That total has surpassed the losses associated with any other contact method, the Federal Trade Commission (FTC) said in a...
March 01, 2023
Fraud has a price tag — and it keeps going up. As reported by the Federal Trade Commission last week, consumers lost $8.8 billion last year to various fraud schemes,...
