Report shows Americans lost record amount of money to scams in 2024

WXIN/WTTV – An annual report from the Federal Trade Commission reveals losses from scams and fraud reached record levels in 2024. The annual report from the FTC said Americans lost $12.5 billion to ... Read More

Americans lost $10B to scammers last year. Here’s how to avoid popular scams

More than two-and-a-half million Americans lost $10 billion to scammers last year — surpassing the total amount lost to scammers in 2022 by a billion dollars. And the tactics used to fool people are ... Read More

Americans over 60 lost $3.4 billion to scams in 2023, FBI says

Americans over 60 lost $3.4 billion to scams in 2023, up 11% from 2022 Tech support scams were the most common; investment scams were the costliest Over 100,000 complaints were filed by seniors, with ... Read More

Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself

Consumers lost $5.7 billion to investment scams in 2024 — more than in any other type of fraud and up 24% from 2023, according to new data from the Federal Trade Commission. Investment scams generally ... Read More

AI is making scams smarter ... and more dangerous

Americans lost over $16 billion to online scams in 2024 — a 33% increase from the year prior. Generative AI is making scams harder to detect, more believable, and more frequent, says Consumer ... Read More

Americans lose millions of dollars each year to wire transfer fraud scams. Could banks do more to stop it?

Americans are losing millions of dollars every year to criminals who steal money from their bank accounts through fraudulent wire transfers. Some U.S. senators are now pressing major banks for answers ... Read More

Americans Lost $470 Million to Text Scams in 2024. Here's How to Protect Yourself

Your phone is probably full of sketchy texts. Here's a breakdown of the most common schemes and how to avoid getting scammed. Bree Fowler writes about cybersecurity and digital privacy. Before joining ... Read More