New Data Shows FTC Received 2.8 Million Fraud Reports from …
Feb 22, 2022 · The FTC received fraud reports from more than 2.8 million consumers last year, with the most commonly reported category once again being imposter scams, followed by online shopping scams. Prizes, sweepstakes, and lotteries; internet services; and business and job opportunities rounded out the top five fraud categories.
Phishing Scams - Federal Trade Commission
1 day ago · FTC Report to Congress Details Fraud Reports from Older Consumers (October 23, 2019) FTC Report Finds Some Small Business Web Hosting Services Could Leave Small Businesses at Risk of Facilitating Phishing Scams (February 20, 2018) Online Businesses Could Do More to Protect their Reputations and Prevent Consumers from Phishing Schemes (March …
As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up ...
Confronting Emerging Forms of Fraud: The FTC has taken steps to listen to consumers and build knowledge and tools to fight emerging frauds. For example, the FTC announced a challenge in 2023 to help promote the development of ideas to protect consumers from the misuse of artificial intelligence-enabled voice cloning for fraud and other harms.
New FTC Data Show Consumers Reported Losing Nearly $8.8 …
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 losing more money to investment scams—more than $3.8 billion—than any other category in 2022.
FTC Announces New Fraud Reporting Platform for Consumers: …
Oct 22, 2020 · The Federal Trade Commission has launched a new website, ReportFraud.ftc.gov, where consumers can easily report fraud and all other consumer issues directly to the FTC. At ReportFraud.ftc.gov, consumers will find a streamlined and user-friendly way to submit reports to the FTC about scams, frauds, and bad business practices.
Bureau of Consumer Protection | Federal Trade Commission
Fighting Scams and Fraud As the nation’s consumer protection agency, the FTC takes reports about scammers that cheat people out of money and businesses that don’t make good on their promises. We share these reports with our law enforcement partners and use them to investigate fraud and eliminate unfair business practices.
Social media a gold mine for scammers in 2021
Jan 25, 2022 · [4] In 2021, adults ages 18-39 submitted fraud loss reports indicating social media as the contact method at a rate 2.4 times higher than adults 40 and over. About 92% (87,048 reports) of 2021 fraud loss reports indicating social media as …
the Internet with fraud operators. Fraud on the Internet is an enormous concern for the Commission, and it has prompted a vigorous response using all the tools at the Commission's disposal, including law enforcement and education. The Commission appreciates the Subcommittee's interest in our Internet fraud program, and the Congress'
technology is the latest draw for opportunistic predators who specialize in fraud. The rapid rise in the number of consumer complaints related to online fraud and deception bears this out: in 1997, the Commission received fewer than 1,000 Internet fraud complaints; a year later, the number had increased eight-fold. In 2000, over 25,000
Internet Auction Fraud Targeted by Law Enforcers
Apr 30, 2003 · Auction fraud is the single largest category of Internet related complaints in the FTC's Consumer Sentinel database, which logged more than 51,000 auction complaints in 2002. "The most effective way to fight Internet auction fraud involves a team approach among law enforcers," said Howard Beales, Director of the FTC's Bureau of Consumer Protection.