The 2023 total is 14% higher than the amount of fraud losses reported during 2022. Investment scams comprised the majority of losses at $4.6b, a 21% increase year-over-year.
| less than a minute read
Consumer fraud loss tops $10b, aided by digital tools, FTC says
"These scams include people pretending to be your bank’s fraud department, the government, a relative in distress, a well-known business or a technical support expert."
