GITNUX MARKETDATA REPORT 2024

Must-Know Scam Statistics [Recent Analysis]

With sources from: channelnewsasia.com, vpnmentor.com, bbb.org, ftc.gov and many more

In this post, we will examine a collection of alarming statistics related to scams and frauds, shedding light on the prevalence and financial impact of deceptive schemes across various regions.

Statistic 1

"An estimated 1 in 10 adults in the US fell victim to scams or frauds in the past year."

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Statistic 2

"26% of scam victims in the US are aged 25-34."

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Statistic 3

"The median individual loss from a successful scam in the US was $750 in 2021."

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Statistic 4

"In 2020, the total reported loss to scams in Australia was over $851 million."

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Statistic 5

"59% of people in the UK said they had been targeted by a scam during the lockdown."

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Statistic 6

"Canadians reported a total loss of over $106 million to scams in 2020."

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Statistic 7

"Approximately 44% of Singaporeans have lost money to a scam."

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Statistic 8

"Nearly 30% of U.S. and UK respondents said they’d fallen for a phishing scam the first time; 15% were duped more than once."

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Statistic 9

"Online romance scams lead to a higher amount of financial loss, with victims in Asia losing an average of $23,000."

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Statistic 10

"In Canada, victims of romance scams lose an average of $20,000."

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Statistic 11

"In 2020, 2.2 million instances of fraud were reported in the US."

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Statistic 12

"25% of those aged 18-29 reported losing money to fraud in 2020 in the US."

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Statistic 13

"$154 million was reported lost through “online purchase” scams in the U.S. in 2020."

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Statistic 14

"The Better Business Bureau’s Scam Tracker reported an increase of scam reports by nearly 25% in 2020."

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Statistic 15

"US consumers reported losing more than $56 million to cryptocurrency scams in the first six months of 2021."

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Interpretation

Scams and frauds continue to present a significant threat to individuals worldwide, as evidenced by the alarming statistics revealed in various countries. The data showcases a wide range of scam schemes targeting people of all ages and demographics, resulting in substantial financial losses. From romance scams to phishing schemes, online purchase scams to cryptocurrency fraud, the prevalence and impact of these deceptive practices underscore the importance of heightened vigilance and education on protecting oneself against such threats. As scam tactics evolve and losses mount, raising awareness and implementing effective preventative measures are essential in combating this pervasive problem.

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