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Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark. This marks a 14% increase over reported losses in 2022.
Newly released Federal Trade Commission data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.
The FTC received fraud reports from 2.4 million consumers last year, with the most commonly reported being imposter scams, followed by online shopping scams. Prizes, sweepstakes, and lotteries; investment related reports; and business and job opportunities rounded out the top five fraud categories.
Consumers reported losing more than $5.8 billion to fraud in 2021, an increase in reported losses of more than 70% over 2020. Imposter scams still hold the unenviable top spot. The most commonly reported fraud category was imposter scams, followed by online shopping scams.
The Federal Trade Commission received more than 2.1 million fraud reports from consumers in 2020, according to newly released data, with imposter scams remaining the most common type of fraud repor.
Learn about the top fraud reports, track the latest trends, and download visualizations for presentations or reports. Then find out about refunds to consumers from FTC law enforcement cases, where the money went, and how much people got back.
In 2021, 5.7 million people filed reports and described losing more than $5.8 billion to fraud — a $2.4 billion jump in losses in one year. You can learn about the types of fraud, identity theft, and marketplace issues people reported by state, and how scammers took payment — including $750 million in cryptocurrency — in the FTC’s new ...
In 2021, Gen Xers, Millennials, and Gen Z young adults (ages 18-59) were 34% more likely than older adults (ages 60 and over) to report losing money to fraud, and some types of fraud stood out.
According to the Data Book, people reported losing $10 billion to scams in 2023. That’s $1 billion more than 2022 and the highest ever in losses reported to the FTC, even though the number of fraud reports (2.6 million) was about the same as last year. Image.
Reported fraud losses are up. The Consumer Sentinel Network received 2.4 million fraud reports in 2022, down from 2.9 million in 2021. But the almost $8.8 billion in total reported losses in 2022 surpasses the $6.1 billion figure from 2021. Imposter scams top the Fraudulent Five.