Scams are Rising and Rising Fast – Shows FTC 2022 Data
According to new data from the FTC, U.S. consumers lost $8.8 billion to online fraud in 2022, with investment scams and imposter scams topping the list, causing $3.8 billion and $2.6 billion in losses, respectively. Among the top five fraud schemes, imposter scams topped the list, followed by online shopping scams; prizes, lotteries, and sweepstakes scams; investment scams; and job opportunities.