$12.5 billion lost to fraud in 2024; top scams revealed

Huge Spike in Consumer Fraud Losses, New FTC Data Show - Asian Journal News

ByPeter Schurmann Mar 13, 2025 Of the 2.6 million reports of scams submitted to the FTC in 2024, 38% reported losing money, up from 27% in 2023. US consumers lost $12.5 billion to scammers in 2024, according to new data from the Federal Trade Commission. The figure marks a 25% increase year-on-year, even as the total number of people who reported being…

AARP report: Elevated risks of fraud pervasive in U.S., Wyoming

CHEYENNE – According to a new AARP Fraud Watch Network report, an estimated 141.5 million adults (42%) have had money or sensitive information stolen through fraud.

At least S$1.7 million lost to scams involving impersonation of MAS, insurance representatives

At least six cases have been reported to the Singapore Police Force since January 2025.

New FTC data shows big jump in consumer fraud losses in 2024

New Federal Trade Commission data shows consumers reported losing more than $12.5 billion to fraud in 2024, which represents a 25% increase over the prior year.Scammers reaching out through calls, texts and emails with alluring promises of prize winnings or frightening threats to intimidate people into parting with their hard-earned cash, personal information, passwords or financial information. Loretta reached out to 2 News when scammers recent…

$12.5 billion lost to fraud in 2024; top scams revealed

The FTC reports a record $12.5 billion lost to scams in 2024, with investment fraud, job scams, and debt relief fraud topping the list.

FTC says Americans lost $12 billion to scams last year and these were the worst ones — here's how to stay safe

The annual Data Book tracks all reported scams from identity theft to social media scams.