How to avoid the top scam of 2023: The internet has 'really supercharged' it, expert says

cnbc.com:

Consumers lost a record $10 billion to fraud in 2023, and imposter scams were the most prevalent swindle, according to the Federal Trade Commission.

Nearly 854,000 people filed complaints to the FTC about imposter scams last year, representing 33% of the total consumer fraud reports filed to the agency.

Consumers lost $2.7 billion to such scams in 2023, according to FTC data. The average loss was $800.

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Imposter scams come in many forms but share a basic premise: Criminals pretend to be someone you trust to convince you to send them money, or to get information that can later be leveraged for money, experts said.

People may falsely claim to be a romantic interest, the government, a relative in distress, a well-known business or a technical support expert, the FTC said in a recent report.

Fraudsters, often part of sophisticated organized crime networks, may contact potential victims via channels like e-mail, phone call, text, mobile apps, social media or traditional snail mail.

Government impersonators, for example, might suggest they work for the Social Security Administration, IRS, Medicare or even the FTC. Others may say they're from a company like Amazon or Apple and claim there's something wrong with your account, or from your utility company threatening to turn off service. Others may say they're a close friend or family member and need money for an emergency.

Nascent and improving technology, like artificial intelligence and voice cloning, has made these frauds more convincing, experts said.

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