Uncovering the Alarming Rise of Impersonation Scams and Their Impact on Consumers
Highlights:
- The impersonation scams resulted in a staggering loss of $3 billion for Americans in 2024.
- A significant portion of the scams involved fraudsters posing as trusted entities, exploiting consumer trust.
- Consumer awareness and education are crucial in combating the rise of impersonation scams.
In 2024, Americans experienced unprecedented financial losses due to impersonation scams, totaling $3 billion. Fraudsters are increasingly using sophisticated tactics to mimic trusted organizations, leading to significant consumer vulnerability. This surge in scams highlights the urgent need for better education and awareness among consumers to identify and report such fraudulent activities.
