People lost more than $10 billion to scams last year, an increase of 14% from 2022 and a new record, according to a recent Federal Trade Commission (FTC) report.
Most people lost the most money to investment scams, the report shows, but imposter scams were the most-reported fraud category to the FTC. The report precedes by a few days a February 15 warning from FTC Chair Lina Khan about fraudsters posing as government officials. The warning followed reports of a magazine columnist being scammed by someone posing as a CIA agent seeking a bank transfer.
