Federal Trade Commission - Data's articles

  1. Media & Marketing
​ ​[[ 9:30AM Social media: a golden goose for scammers By Emma Fletcher Scammers are hiding in plain sight on social media platforms and reports to the FTC’s Consumer Sentinel Network point to huge profits. One in four people who reported losing money to fraud since 2021 said it started on social media.[1] Reported losses to […]
  1. Trends & External Forces
Gift cards make great holiday gifts. But reports to FTC show that scammers like getting them, too. Scammers don’t ask nicely, though.
  1. Trends & External Forces
​ ​[[ 10:00AM Pandemic purchases lead to record reports of unreceived goods By Emma Fletcher Online shopping has been a lifeline for many people hunkering down to help reduce the spread of COVID-19. But as online orders have increased, so too have reports to the FTC’s Consumer Sentinel Network about sellers failing to deliver on promises […]
  1. Trends & External Forces
Texting is cheap and easy, and scammers are counting on the ding of an incoming text being hard to ignore.[1] In 2022, they were right to the tune of $330 million in losses to text scams, as reported to the FTC’s Consumer Sentinel Network, with a median reported loss of $1,000. That’s more than double the 2021 reported losses and nearly five times what people reported in 2019
  1. Technology & Innovation
​[[“value”:” From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately. Although it’s yet to become a mainstream payment method, reports to the FTC show it’s an alarmingly common method for scammers to get peoples’ money. Since the start of 2021, more than 46,000 people have reported losing over $1 billion in […]