GITNUX MARKETDATA REPORT 2024

Must-Know Online Scam Statistics [Recent Analysis]

With sources from: microsoft.com, consumer.ftc.gov, zdnet.com, dataprot.net and many more

In this post, we will explore a series of eye-opening statistics related to online scams, shedding light on the prevalence, impact, and tactics employed by scammers in various regions. From the substantial financial losses incurred to the tactics used, these statistics provide valuable insights into the alarming trend of online fraud in today’s digital age.

Statistic 1

"“In 2020, 62% of reported scams were attempted online or via smartphones.”"

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Statistic 2

"“In 2020, online scams caused an estimated loss of $1.9 billion in the U.S.”"

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Statistic 3

"“In 2020, over 4.8 million U.S consumers reported being victims of online scams.”"

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Statistic 4

"“57% of global scam victims in 2020 were targeted via email.”"

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Statistic 5

"“In 2019, 37% of reported online scams targeted retail sites and social media.”"

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Statistic 6

"“In September 2020, 30% of online scams were phishing attacks.”"

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Statistic 7

"“Over 80% of attacks in 2020 used COVID-19 themes in online scam attempts.”"

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Statistic 8

"“In 2020, 60% of online scams targeted people aged 25-34 in the UK.”"

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Statistic 9

"“In 2020, the top 5 states affected by online scams in the U.S were California, Florida, Texas, New York, and Pennsylvania.”"

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Statistic 10

"“In 2020, research found that more than 55% of people globally encountered at least one type of online scam.”"

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Statistic 11

"“In 2019, 50% of online scams involved people aged 40 and above.”"

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Statistic 12

"“In 2020, the average loss per instance of an online scam was $5,800.”"

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Statistic 13

"“In 2021, online impersonation scams soared by 84% during the first months of the COVID-19 pandemic.”"

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Statistic 14

"“In 2020, over 60% of online scams originated from Asia, with China accounting for approximately 30% of all scam attempts.”"

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Statistic 15

"“30% of Americans exposed to an online scam were manipulated by the scam, either by falling for it or helping to spread it.”"

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Interpretation

Online scams represent a significant threat to individuals, with a growing number falling victim to these malicious activities. The statistics from 2020 reveal the extent of the problem, with over 4.8 million U.S consumers reporting being victims of online scams, resulting in an estimated loss of $1.9 billion. The use of various tactics such as phishing attacks and COVID-19 themes highlights the adaptability and cunning of scammers. It is concerning that a large proportion of scam victims were targeted via email, underscoring the importance of vigilance when engaging with electronic communication. Furthermore, the statistics show that specific demographics, such as those aged 25-34, are more frequently targeted, emphasizing the need for tailored awareness and prevention strategies.

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