Data: Federal Trade Commission; Chart: Axios Visuals
Ohioans lost over $150 million to fraud in 2023, according to a new Federal Trade Commission report.
Why it matters: More Americans are falling victim to scams than ever before.
- The FTC says nationwide losses hit a record $10 billion last year.
Threat level: No group — young, old or even the computer-savvy — shows immunity to increasingly sophisticated scams, the FTC and other consumer protection groups say.
By the numbers: Business imposter scams, in which attackers impersonate legitimate organizations like a major retailer or tech support , jumped 18% nationwide in 2023 to 474,000 from less than 400,000 in 2022.
- And scams mimicking government officials and services grew 15%, with the FTC receiving more than 228,000 reports of such scams last year.
Zoom in: Ohio residents filed more than 61,000 fraud reports in 2023. The median loss per victim was about $400, per the FTC.
- Of those reports, 22,000 came from victims in the metro Columbus area.
Between the lines: Law enforcement often doesn't have enough officers or field agents to go after every single instance of fraud — especially if only a few hundred dollars was stolen.
- Scammers know this and tend to go after smaller amounts to keep their activities under the radar.
What we're watching: Over the last few years, Gen Xers, millennials and Gen Zers were 86% more likely to report losing money to online shopping scams than older adults, per the FTC.
The bottom line: Watch out for phishing emails and suspicious phone calls. If you're not expecting a call from tech support or another business, it's probably not them.
- Report suspected scams to the FTC, which shares this information with law enforcement across the country.
- You can also file a complaint with the Ohio Attorney General's Office.
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