New data shows alarming rise in text message scams, $470 million lost in 2024

Recent data released by the Federal Trade Commission highlights a troubling increase in text message scams during 2024, resulting in a staggering $470 million in consumer losses. This comprehensive report sheds light on the evolving tactics used by scammers to exploit unsuspecting individuals via fraudulent text messages. The FTC underscores the urgency for consumers to remain vigilant, as these scams often involve fake bank alerts, package delivery notifications, and other misleading messages designed to extract personal information or money. In response, the FTC is intensifying its campaign to educate the public on how to identify and respond to these deceptive communications. With the digital landscape continually expanding, it is crucial for consumers to stay informed and adopt proactive measures to protect themselves from the growing threat of text message scams.

Federal Trade Commission (.gov)

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