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In 2022, reported consumer losses to fraud totaled $8.8 billion — a 30 percent increase from 2021, according to the most recent data from the Federal Trade Comm
by motoxpro 3y ago
In 2022, reported consumer losses to fraud totaled $8.8 billion — a 30 percent increase from 2021, according to the most recent data from the Federal Trade Commission. The biggest losses were to investment scams, including cryptocurrency schemes, which cost people more than $3.8 billion, double the amount in 2021.
https://www.nbcnews.com/business/consumer/people-are-losing-money-scammers-ever-keep-safe-rcna99195 https://www.nbcnews.com/business/consumer/people-are-losing-...
The data says we are not that good and getting 30% worse every year.
- benrow 3y agoFurthermore "If it were measured as a country, then cybercrime — which is predicted to inflict damages totaling $6 trillion USD globally in 2021 — would be the world’s third-largest economy after the U.S. and China." https://cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016/ https://cybersecurityventures.com/hackerpocalypse-cybercrime...
- miohtama 3y agoTo put this number $8B to context, the estimate COVID-19 relief fund fraud in the US is $200B https://www.pbs.org/newshour/economy/new-federal-estimate-finds-more-than-200-billion-in-covid-19-aid-may-have-been-stolen https://www.pbs.org/newshour/economy/new-federal-estimate-fi... US tax fraud is estimated to be $1 trillion a year https://www.latimes.com/business/story/2021-04-13/tax-cheats-are-costing-the-us-1-trillion-a-year-irs-estimates https://www.latimes.com/business/story/2021-04-13/tax-cheats...
- aCoreyJ 3y agoYea the point is the people losing the 8B are not the people saving the 1 trillion, or getting most of the Covid relief
- stickfigure 3y agoUS GDP in 2022 was $25.46 trillion. $8.8 billion is 0.03% of that economic activity. Honestly, that seems like a pretty good success rate.