In a startling revelation, new data from the Federal Trade Commission indicates a significant surge in reported losses due to fraud, amounting to a staggering $12.5 billion in 2024. This dramatic increase highlights the growing threat and sophistication of fraudulent activities targeting individuals and businesses alike. The FTC’s report underscores the necessity for heightened vigilance and improved security measures to combat the rising tide of fraud. The data reveals that online scams, identity theft, and imposter schemes were predominant, contributing substantially to the escalating financial impact. With this alarming trend, the FTC urges consumers to remain informed and cautious, as preventative awareness is a crucial defense. As fraudsters employ more advanced tactics, staying ahead with knowledge and proactive strategies is essential to safeguarding assets and information. This report serves as a vital alert for both individuals and organizations to intensify efforts in fraud detection and prevention.
Federal Trade Commission (.gov)New data shows ongoing ACMA focus on Australian spam enforcement
July 1, 2025
New data from the Australian Communications and Media Authority (ACMA) highlights the agency’s continued emphasis on combating spam and scams across Australia. As digital communications