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  1. Jan 25, 2022 · More than 95,000 people reported about $770 million in losses to fraud initiated on social media platforms in 2021. [3] Those losses account for about 25% of all reported losses to fraud in 2021 and represent a stunning eighteenfold increase over 2017 reported losses. Reports are up for every age group, but people 18 to 39 were more than twice ...

  2. Dec 29, 2020 · Computer fraud, or cyber-scamming, is a multi-billion-dollar industry that affects people and organizations around the world. Since the pandemic started, cybersecurity experts have tracked a 400% rise in online scams. The world is evolving at a rapid pace and with everything getting connected and automated scammers are bound to adapt, thrive and succeed. Let’s understand the top five reasons:

    • Stu Sjouwerman
  3. Dec 28, 2021 · In the first half of 2021, criminals in the UK stole over £750m through fraud – a big portion of which came from online scams. This was an increase of over 30 per cent compared to the first ...

  4. Nov 1, 2024 · 2021’s top scam: Bogus prizes and sweepstakes fraud. Complaints about scams involving fake prizes, bogus sweepstakes, and “free” gifts were the top complaint consumers reported to Fraud.org in 2021. In 2020, such complaints made up nearly a quarter (23.78 percent) of the reports we received. In 2021, these complaints made up more than one ...

  5. Feb 4, 2021 · In 2020, the FTC got more than 2.2 million reports about fraud, with people telling us they lost nearly $3.3 billion. Here’s what we heard from you in 2020: The top fraud of 2020 was imposter scams. Scammers showed up wearing many different hats — from that of a government official, to a known business, to a dear family member or friend ...

  6. Feb 10, 2023 · Scammers have proven more successful in 2021 than ever before. The number of scams reported increased by 10.2% from 266, in 2020, to 293 million reports in 2021. Scammers use any crisis to scam people. Moving from pre-ordering COVID-19 vaccination at the beginning of 2021, to cheap flight tickets for Hajj pilgrims, ‘supporting’ victims from ...

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  8. Jan 27, 2022 · FTC says consumers reported $770 million in social media scam fraud in 2021. Last year's losses represent an 18-fold increase over the past four years. According to the FTC, just 4.8% of fraud ...

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