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Scams Cost Americans Billions More Than FBI Data Suggests, Study Says: See How Much
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Scams Cost Americans Billions More Than FBI Data Suggests, Study Says: See How Much
Americans may be losing far more to scammers than official data shows, according to a new study.The annual cost of online scams is estimated at $119 billion, according to a report from the Consumer Federation of America (CFA) released this month. The nonprofit said that data from the Bureau of Justice Statistics shows that only 14% of financial fraud victims report incidents to law enforcement.The $119 billion estimate is more than seven times h…
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