US fraud losses jump to US$12.5bn - FTC

Consumer losses to fraud in the US jumped 25% to a total US$12.5 billion in 2024 compared to US$10.4 billion in 2023, new Federal Trade Commission (FTC) figures reveal.

By Sara Lewis

Consumer losses to fraud in the US jumped 25% to a total US$12.5 billion in 2024 compared to US$10.4 billion in 2023, new Federal Trade Commission (FTC) figures [1] reveal.