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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
Full report here
