The Federal Trade Commission said it received more than 2.1 million fraud reports from consumers in 2020. Consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019
February 08, 2021 / By ICBA
The Federal Trade Commission said it received more than 2.1 million fraud reports from consumers in 2020. Consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019.
According to the FTC, imposter scams remained the most common type of fraud reported to the agency, followed by online shopping, internet services, prizes and sweepstakes, and telephone and mobile services.
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