Top text scams of 2024
It’s hard not to glance at your phone when you hear the ding of an incoming text. Scammers bet on it. And reports to the FTC’s Consumer Sentinel Network suggest their odds of a big payout have improved: reported losses to text scams have skyrocketed even as the number of reports declined. In 2024, people reported $470 million in losses to these scams, more than five times the 2020 number. And since the vast majority of frauds are never reported, this number likely reflects only a fraction of the actual harm.