A breach of online security happens in an instant. A misclicked link, a reply to a stranger’s message or a purchase on the wrong site. Uh oh. Another case of cyberfraud.
“Fraud happens to everyone, even the smartest people,” says Phillip Reed, an asset protection attorney in Kalamazoo, Mich. “The tactics have gotten so sophisticated.” The Federal Trade Commission says 2.6 million consumers were victims of fraud in 2024, with losses of over $12.5 billion, a 25% increase from the previous year.
