"Americans Lost Record $10 Billion to Fraud in 2023, FTC Warns"
"Americans Lost Record $10 Billion to Fraud in 2023, FTC Warns"
The U.S. Federal Trade Commission (FTC) has recently announced that Americans lost over $10 billion to scammers in 2023, marking a 14% increase in reported losses compared to the previous year. The FTC noted that over 2.6 million consumers filed fraud reports with the FTX the previous year, a figure almost identical to 2022. Imposter scams emerged as the most frequently reported fraud category, with notable upticks in business and government impersonation reports.