Thursday, March 09, 2023

ID Theft Data

 Top Stories

FTC releases 2022 data on fraud and ID theft
  • Total losses reported of $8.8 billion; up 40% from 2021
  • Total complaints were down somewhat
  • Investment fraud was largest, and more than double 2021
  • Those aged 20-29 reported more losses than those 70+
  • Top payment method was bank transfers; crypto second
  • Losses to business imposters tripled
  • 22% of the time first contact was by text
  • Breaks both ID theft and fraud state by state
  • Down: grants, ID theft, internet service, online shopping, travel
  • Up: Sweepstakes/lotteries; advance fees for credit/loans; payday loans; student loans; job scams; pyramids; romance scams
Interpol joins forces with law enforcement in Africa in four month operation; 11 arrested; action taken against romance and other scams
 
Need an expert witness for consumer protection or fraud issues?  Let me know.
 
New links!
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud, and crypto scams


 
Fraud News Around the worldHumor                                                                              FTC and CFPB  Virus Benefit Theft Social mediaBusiness Email compromise fraud Ransomware  Data Breaches Bitcoin and cryptocurrencyJamaica and Lottery FraudRomance Fraud and Sextortion