The number of fraud complaints reported to the FTC and affiliate agencies increased 1.6% in 2023 to 2,603,556, up from 2,563,678 in 2022. Total financial losses associated with fraud increased nearly 16% in 2023 to $10.3 billion, up from $8.9 billion in 2022.
Meanwhile, median losses per reported fraud case dropped about 23% to $500 in 2023, down from $650 in 2022. The number of identity theft complaints filed during that same one-year period decreased by 6.3%, to 1,036,961 from 1,107,053.
If you don’t have identity protection, its time. Purchase protection by going to this link: www.thecreditbureau.com/consumer-credit-report