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:
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
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