US Consumers Lose $2,088,000,000 to Fraudulent Bank Transfers and Payments, According to FTC

The losses suffered by Americans as a result of fraudulent bank transfers and payments have significantly increased over the past five years, according to government numbers. Data from the Federal Trade Commission (FTC) shows that US consumers lost $2.088 billion to fraudulent bank transfers and payments in 2024. source: https://dailyhodl.com/2025/03/24/us-consumers-lose-2088000000-to-fraudulent-bank-transfers-and-payments-according-to-ftc/