Losses from fraud against individuals top $16 billion in five years
In 2019, one in six (17%) people reported that they had been a victim of fraud in the previous five years. The median loss due to fraud was $600. About one-quarter (24%) of victims lost $1,000, while 3% lost at least $10,000. In total, the losses suffered by all fraud victims topped $16 billion in five years.
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