Scammers could win big thanks to DOGEs government cuts

10 months ago 9
Phone screen shows a suspected spam call against a red backdrop.

Scammers had a big year in 2024, new data from the Federal Trade Commission shows.

Criminals stole $12.5 billion from Americans, according to official reports filed with the government, amounting to a 25 percent increase over the previous year. But that figure doesn't account for unreported thefts. When accounting for underreporting, the FTC estimates that scammers actually robbed people of at least $158 billion in 2023.

While fraud reports remained stable in 2024, the percentage of people who said they'd been the victim of financial fraud increased from 27 p...

Source: https://mashable.com/article/scams-get-worse-doge-cuts

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