REPORT ALL SUSPICIOUS OR CRIMINAL ACTIVITY TO 911

Saturday, March 4, 2023

SCAM UPDATE – FTC Data Show Fraud Trends

 

The Federal Trade Commission (FTC) recently released its latest data about fraud and the effects of fraud on our society.

It reports that Americans lost almost $8.8 billion to fraud in 2022 which amounts to an increase of more than 30% over 2021. Consumers can report scams and fraud to the at www.reportfraud.ftc.gov. The FTC gathers the complaint information into its Consumer Sentinel Network database which it shares with federal, state and local law enforcement agencies.

 

Top 10 Frauds.

Nationwide, the top 10 fraud categories for 2022 include:

1.      Imposter Scams

2.      Online Shopping and Negative Reviews

3.      Prizes, Sweepstakes and Lotteries

4.      Investment Related

5.      Business and Job Opportunities

6.      Internet Services

7.      Telephone and Mobile Services

8.      Health Care

9.      Travel, Vacations and Timeshare Plans

10.  Foreign Money Offers and Fake Check Scams

 

 



 

 

 

Federal Trade Commission:

https://public.tableau.com/app/profile/federal.trade.commission/viz/TheBigViewAllSentinelReports/TopReports

 

 

Fraud in Washington State.

According to FTC 2022 data, reports of fraud in Washington State parallels the national trends for the top 3 reported frauds then diverges:

1.      Imposter Scams

2.      Online Shopping and Negative Reviews

3.      Prizes, Sweepstakes and Lotteries

4.      Internet Services

5.      Health Care

6.      Investment Related

7.      Telephone and Mobile Services

8.      Business and Job Opportunities

9.      Privacy, Data Security, and Cyber Threat

10.  Travel, Vacations and Timeshare Plans

 

The FTC received a total of 48,468 fraud reports from Washington State citizens last year. Total reported losses were $215.5 million with a $750 median dollar loss.

 

 


 


 

 

 

Federal Trade Commission (on the map, click on Washington State then under “Quarter” select “All” at the pull-down menu:

https://public.tableau.com/app/profile/federal.trade.commission/viz/FraudandIDTheftMaps/FraudbyState

 

 

Age and Fraud.

 

Many people think that the elderly are the most vulnerable to fraud and scams. However, FTC statistics show that anyone of any age are susceptible of being victimized to fraud or a scam. People 80 years old and over lose the most when they are victimized with a Median Dollar Loss of $1,674. But the FTC data shows only 70.18 Fraud Loss Reports per 100K Population. However, the age group of 30-39 have a Median Dollar Loss of $590. This age group has the highest Fraud Loss Reports per 100K Population of any of the age groups that the FTC reports with 175.85 Fraud Loss Reports per 100K Population. While the elderly are lucrative targets per individual, they are less susceptible to being victimized than younger age groups.

 



 

Federal Trade Commission:

https://public.tableau.com/app/profile/federal.trade.commission/viz/AgeandFraud/Infographic

 

 

No comments:

Post a Comment