On February 4, 2020, the Federal Trade Commission announced that they had received more than 2.1 million fraud reports from consumers in 2020. They noted that imposter scams remained the most common type of fraud reported while online shopping was the second-most common fraud category reported by consumers. The top five categories rounded out with internet services; prizes, sweepstakes, and lotteries; and telephone and mobile services.
34 percent of all consumers who filed a fraud report with the FTC reported losing money, which was an increase from just 23 percent in 2019. The total amount lost to fraud in 2020 was reported at $3.3 billion, which was almost double from $1.8 billion in 2019.
The full FTC release can be found here.
