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Rising Fraud Losses in 2024: FTC Reports a 25% Increase
The Federal Trade Commission's latest data reveals a concerning 25% increase in consumer fraud in 2024, with losses soaring to $12.5 billion. Despite the steady number of fraud reports filed, the percentage of victims who lost money has significantly jumped to 38% from 27% the previous year. Americans are bombarded with an average of 12 scam ...
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