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FTC Reports $7 Billion in Fraud Costs to US Consumers, Up 5% from 2022. Before You Send Money, Watch For These Signs.

FTC Reports $7 Billion in Fraud Costs to US Consumers, Up 5% from 2022. Before You Send Money, Watch For These Signs.

Fraud cost US consumers over $7 billion in the first three quarters of 2023, a 5% increase from 2022, according to the Federal Trade Commission. Scammers have advanced technology and scripts to reach more victims. Grandparent scams pose as a family member in need, often requesting money via untraceable means like gift cards. Romance scams ...

Microsoft NewsJan 18, 2024

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