The Federal Trade Commission said Friday that it plans to boost efforts to address scammers amid FTC data showing U.S. consumers lost more than a record $10 billion to fraud in 2023, a 14% increase from 2022.
Investment scams took the most money, with consumers reporting losses of more than $4.6 billion last year. Imposter scams—conducted by those posing as business representatives or government agents—accounted for nearly $2.7 billion in losses, the FTC reported.
