Consumers reported losing nearly $8.8 billion to scams in 2022: FTC

The Federal Trade Commission released data showing that American consumers reported losing $8.8 billion to scammers in 2022, an increase of more than $2 billion from a year ago.

The Federal Trade Commission released data on Thursday that shows

While Americans reported greater losses to scams last year, based on the FTC data, the number of fraud reports actually declined in 2022. There were 2.9 million fraud reports amounting to $6.1 billion in losses in 2021, compared to 2.4 million fraud reports and $8.8 billion in losses in 2022. Consumers’ most common complaints were imposter scams followed by online shopping scams.

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