FTC: Americans lost $1.1 billion to impersonation scams in 2023

By Bill Toulas April 1, 2024 12:03 PM

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“Many scammers impersonate more than one organization in a single scam – for example, a fake Amazon employee might transfer you to a fake bank or even a fake FBI or FTC employee for fake help.”

The top Five scam types FTC highlights are:

1) Copycat Account Security Alerts: Scammers send fake alerts about unauthorized account activity, tricking victims into transferring funds for protection.
Phony Subscription Renewals: Emails claim a subscription you never had is renewing, coaxing you into a refund scam that involves returning over-refunded amounts via gift cards.

2) Fake Giveaways, Discounts, or Money to Claim: Scams offer bogus discounts or giveaways from known brands, leading victims to buy gift cards or send money to claim the non-existent offers.

3) Bogus Problems with the Law: Impersonators claim you’re implicated in a crime, pushing you to move money or buy gift cards under the guise of resolving the issue.

4) Phony Subscription Renewals: Emails claim a subscription you never had is renewing, coaxing you into a refund scam that involves returning over-refunded amounts via gift cards.

5) Made-up Package Delivery Problems: Fraudulent messages from carriers about delivery issues, aiming to steal credit card information or account details under the pretense of resolving a delivery problem.

The agency provides tips for consumers to protect against this type of fraud, which include avoiding clicking on URLs arriving via unsolicited communications, distrusting requests for money transfers, and taking the time to verify suspicious communications.

148,0000 Phone Calls
120,0000 Phishing Emails
65,000 Text Messages
45,000 Other Methods

Article (https://www.bleepingcomputer.com/news/security/ftc-americans-lost-11-billion-to-impersonation-scams-in-2023/)

Roy Miehe | MspPortal Partners Inc. | Ceo/President
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