Episode 342: Consumers lost $5.7 Billion to investment scams in 2024!

This episode examines new data released by the Federal Trade Commission (FTC) on consumer scams for 2024. The official press release is titled “New FTC data show a big jump in reported losses to fraud to $12.5 billion in 2024: Consumers reported losing the most to investment scams at $5.7 billion.” The top 5 scams included imposters, online shopping, job opportunities, investments, and internet services. Young people between the ages of 20 to 29 were the most heavily targeted. Links to the press release and an info graphic are included below.

Link: New FTC Data Show a Big Jump in Reported Losses to Fraud to $12.5 Billion in 2024 | Federal Trade Commission

Link: csn-scammy-snapshot-2024.png (1700×2200)