FTC Identity Theft Wire 
Finextra
JUNE 26, 2025
The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations. Problem 1: Mistrust in Sellers. Problem 2: Mistrust in Buyers.
Finextra
JUNE 26, 2025
The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations. Problem 1: Mistrust in Sellers. Problem 2: Mistrust in Buyers.
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PYMNTS
MARCH 2, 2018
But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016. In all, 70 percent of consumers say that fraudsters reached out to them by phone.
PYMNTS
DECEMBER 17, 2020
As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The FTC marked $201.26 million in coronavirus-related fraud this year and 38,792 cases of identity theft. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds.
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