1. 2018’s Top Consumer Frauds

    2018’s Top Consumer Frauds

    Tweet The U.S. Federal Trade Commission (FTC) received nearly 3 million reports of fraud, identity theft and other scams in 2018. The year’s total dollar loss from fraud came to $1.48 billion, and the median loss per reported incident of fraud was $375. The incidence of fraud rose last year, from 1.29 million in 2017 to 1.43 million, and the total dollar loss ($1.08 billion in 2017) rose by 37%. The median loss of $410 per reported incident was actually greater in 2017.

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