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

In 2024, the Federal Trade Commission reported a record $12.5 billion lost to fraud, marking a 25% increase from the previous year.
The FTC received over 2.6 million reports of fraud, with over one-third of victims reporting financial losses.
Investment fraud caused the highest median loss at $9,196, followed by job scams at $2,250.
Younger people filed more reports, but older individuals reported higher losses, highlighting fraud's impact across generations.

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Channel News Asia

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.

13 hours ago·Singapore

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KJRH

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…

13 hours ago

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WTAE

+6 Reposted by 6 other sources

$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.

22 hours ago·Pittsburgh, United States

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Folha de S.Paulo

Learn how to avoid falling for scams on Consumer Day - 14/03/2025

Consumer Day, which usually brings special discounts on businesses, will be celebrated this Saturday (15) and you must be careful not to fall into traps. Virtual scams affected 24% of the Brazilian population between October 2023 and August 2024, according to the Datasenado Institute. Read more (03/14/2025)

13 hours ago·São Paulo, Brazil

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lejsl.com

+2 Reposted by 2 other sources

Budget. The state detected 20 billion frauds in 2024 and targets double by 2029

"In a few years we have moved from individual fraudsters to a real fraud industry," said Amélie de Montchalin, Minister of Public Accounts at Libération.

20 hours ago

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American Banker

Fraud and scams plateaued but got more expensive in 2024

Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.

21 hours ago

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