The FTC Consumer Sentinel Network data book shows U.S. consumers reported $12.5 billion in fraud losses during 2024, a 25% year‑over‑year increase, with investment scams accounting for about $5.7 billion. The agency highlighted rising use of bank transfers and cryptocurrency for payments and urged consumers to report fraud at ReportFraud.ftc.gov.

In its March 2025 Consumer Sentinel Network release, the Federal Trade Commission reported that consumers in the United States documented $12.5 billion in losses to fraud during 2024, representing roughly a 25% increase from the prior year. Investment scams were the largest single category, responsible for approximately $5.7 billion in reported losses, while imposter scams and other schemes continued to cause substantial harm. The FTC also noted trends in payment methods used by fraudsters, including increased reliance on bank transfers and cryptocurrency channels to receive illicit funds, complicating recovery efforts. The data release stressed the importance of timely reporting at ReportFraud.ftc.gov to improve collective visibility and support law enforcement and consumer protection actions. The FTC’s findings underscore persistent and evolving threats across digital marketplaces and highlight the value of public awareness, verification of investment opportunities, and skepticism toward unsolicited financial solicitations. The agency encouraged safeguards such as independent research, consultation with licensed financial professionals, and use of secure payment mechanisms to reduce exposure to high‑loss scams.