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Scams Are Soaring – Keep Up Your Guard by Rosalie Calarco

The numbers are in. The Federal Trade Commission released its annual compendium of fraud reports from last year, and the news is shocking. Over the past three years, reported losses to consumer fraud has tripled, coming in at a reported $5.9 billion in 2021.    Nearly six million US consumers reported a scam last year and the median loss was $500. But the FTC can only tell us about fraud that was reported – we know the losses and number of victims is far higher.    Many...
Fraud Watch Network Federal Trade Commission Government Imposter Watchdog Alerts Watch Network

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