FTC States That Scams Cost U.S. Consumers $158.3 Billion in One Year
I am used to repeating some pretty big numbers when talking about the financial impact of cybercrimes. When you look into the data, it is pretty easy to start talking about tens of billions of dollars. I occasionally come across figures that are in the hundreds of billions of dollars in damage across multiple years globally. So, imagine my surprise when I learned the U.S. Federal Trade Commission (FTC) said Americans lost $158.3B in 2023, one year, to scammers, and that annual figure is getting worse.