Displaying 1 - 20 of 69
FTC Testifies before the Joint Economic Committee on Agency’s Efforts to Combat Fraud
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The Federal Trade Commission testified today before the Joint Economic Committee about the agency’s ongoing work to combat fraud and protect consumers from scammers and other bad actors. Testifying on...
New FTC Data Show Top Text Message Scams of 2024; Overall Losses to Text Scams Hit $470 Million
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New data from the Federal Trade Commission show that in 2024, consumers reported losing $470 million to scams that started with text messages. This amount is five times higher than what was reported...
New FTC Data Show a Big Jump in Reported Losses to Fraud to $12.5 Billion in 2024
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Newly released Federal Trade Commission data show that consumers reported losing more than $12.5 billion to fraud in 2024, which represents a 25% increase over the prior year. According to the FTC’s...
New FTC Data Shows Massive Increase in Losses to Bitcoin ATM Scams
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New data from the Federal Trade Commission shows a massive increase in the amount of money consumers report losing to scammers involving Bitcoin ATM machines. Since 2020, the amount consumers reported...
FTC Data Shows Major Increases in Cash Payments to Government Impersonation Scammers
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New Federal Trade Commission data reveals that government impersonation scammers are targeting consumers for payments in cash, with the amount of cash reported lost to these scams nearly doubling from...
New FTC Data Shed Light on Companies Most Frequently Impersonated by Scammers
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New data from the Federal Trade Commission shows that Best Buy/Geek Squad, Amazon, and PayPal are the companies people report scammers impersonate most often. A newly released data spotlight shows...
As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up Efforts to Protect the Public
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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...
Report
Consumer Sentinel Network Data Book 2023
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The FTC takes in reports from consumers about problems they experience in the marketplace. The reports are stored in the Consumer Sentinel Network (Sentinel), a secure online database available only...
FTC Adds Support for Consumers in Multiple Languages for Fraud and ID Theft Reporting; Offers Multi-lingual Resources on How to Spot, Avoid, and Report Fraud
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As part of its ongoing efforts to combat scammers and protect consumers in every community, the Federal Trade Commission is now providing the ability to report fraud, scams and deceptive practices in...
FTC Data Shows Consumers Report Losing $2.7 Billion to Social Media Scams Since 2021
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New data from the Federal Trade Commission shows that scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method. In a new data...
New FTC Data Analysis Shows Bank Impersonation is Most-Reported Text Message Scam
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A new analysis from the Federal Trade Commission shows that bogus bank fraud warnings were the most common form of text message scam reported to the agency, and that many of the most common text scams...
New FTC Data Show Consumers Reported Losing Nearly $8.8 Billion to Scams in 2022
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Newly released Federal Trade Commission data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year. Consumers reported...
Report
Consumer Sentinel Network Data Book 2022
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The FTC takes in reports from consumers about problems they experience in the marketplace. The reports are stored in the Consumer Sentinel Network (Sentinel), a secure online database available only...
New Analysis Shows Adults Under 60 Report Losses to Online Shopping Scams, Investment Scams More Than Older Adults
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As families from all generations spend time shopping online this holiday season, a new FTC data analysis shows that there’s at least one thing that will unite Gen Xers, millennials, and Gen Zers as...
New Analysis Finds Consumers Reported Losing More than $1 Billion in Cryptocurrency to Scams since 2021
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Consumers reported losing over $1 billion to fraud involving cryptocurrencies from January 2021 through March 2022, according to a new analysis from the Federal Trade Commission. Fraud reports suggest...
New Data Shows FTC Received 2.8 Million Fraud Reports from Consumers in 2021
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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...
Report
Consumer Sentinel Network Data Book 2021
Date
The FTC takes in reports from consumers about problems they experience in the marketplace. The reports are stored in the Consumer Sentinel Network (Sentinel), a secure online database available only...
FTC Data Show Romance Scams Hit Record High; $547 Million Reported Lost in 2021
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New data from the Federal Trade Commission show that more consumers than ever report falling prey to romance scammers. Consumers reported losing $547 million in 2021 alone. A newly released data...
FTC Data Show Major Increase in Gift Cards As Scam Payment Method
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A new Federal Trade Commission data spotlight shows that in the first nine months of 2021, consumers reported losing $148 million in scams where gift cards were used as the form of payment. That...
Displaying 1 - 20 of 69