FTC Reports Consumer Fraud Losses Quintupled

Consumer fraud losses have surged dramatically, quintupling since 2020 according to the Federal Trade Commission (FTC). In 2025, the FTC received 3 million fraud reports, with consumers reporting a staggering $15.9 billion in losses. This represents a significant increase from 2024, when 2.6 million reports resulted in $12 billion in losses. These escalating figures highlight a growing problem of financial scams targeting consumers, prompting increased attention from regulatory bodies and potentially impacting consumer trust in financial platforms.