REGISTER

email 14 48

In 2023, Americans Fell Victim to $10 Billion in Fraud, with Investment Schemes Leading the Losses. Federal Trade Commission data reveals that fraud costs Americans over $10 billion in 2023, with investment scams responsible for nearly half of these losses.

Compared to the previous year, overall losses surged by 14%, reaching $4.6 billion for investment scams, a staggering 21% increase.

Imposter scams came in as the second-highest reported loss category, totaling nearly $2.7 billion. Notably, bank transfers and cryptocurrency transactions surpassed all other methods combined in terms of reported losses.

The FTC registered fraud reports from 2.6 million Americans in 2023, a figure similar to that of 2022.

Imposter scams topped the list as the most frequently reported fraud category, followed by online shopping issues, prize-related scams, investment-related fraud, and business and job opportunity scams.

Email emerged as the predominant contact method for scammers, trailed by phone calls and text messages.

CyberBanner

Log in

Please Login to download this file

Username *
Password *
Remember Me

CyberBanner

CyberBanner

MetricStream TPRM

CyberBanner

Go to top