Consumers Lost Nearly $8.8 Billion to Scams in 2022
The Federal Trade Commission (FTC) has recently released data showing that consumers lost over $8 billion to scams in 2022. This massive loss is an increase of more than 30% compared to 2021.
The majority of the crimes came from investment scams ($3.8 billion) and imposter scams ($2.6 billion). Online shopping scams were more commonly reported of the 2.4 million fraud reports from consumers. The FTC also noted that the highest reported losses came from social media, and then followed by phone calls with the highest per person median loss of $1,400. Learn more HERE.
Guard Well Identity Theft Solutions exists to protect you, your family, and your employees from the damages of identity theft. If you have any questions or concerns, please contact our Member Services team immediately. We are always available for you 24/7/365 at 888.966.4827.