FTC Reports Over $118 Million in Losses Due to Coronavirus-Related FraudSince the beginning of the pandemic, the Federal Trade Commission (FTC) has received over 175,000 consumer reports related to Covid-19 scams, totaling a whopping $118.81 million in losses.
So far, the top fraud reports relate to:
• Online shopping, with 26,792 reports
• Travel and vacations, with 21,674 reports
• Credit cards, with 6,063 reports
• Banks, savings, loans...
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