FTC shares info on top scams from past year

The Federal Trade Commission has released its list of the top scams of 2024. 

The FTC report indicates that even though the number of fraud reports is roughly the same as 2023, more people lost a lot more money to fraud. One in three people who reported fraud said they lost money (up from one in four last year), adding up to $12.5 billion (up $2.5 billion from 2023). People lost more than $3 billion to scams that started online, compared to approximately $1.9 billion lost to more “traditional” contact methods like calls, texts, or emails. However, people lost more money per person (a median of $1,500) when they interacted with scammers on the phone. And, once again, imposter scams topped the list of scams reported.

Read the full FTC report.