Report: Americans Lose an Estimated $148 Billion to Scams Each Year

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Americans are now losing an estimated $148 billion each year to online scams, a 22% increase compared to 2024, according to a new report from the Consumer Federation of America (CFA). The FBI’s Internet Crime Complaint Center (IC3) tracked $20.8 billion in losses last year, but the CFA notes that the actual losses are much higher.