Gift cards – the gift that keeps on taking. Impersonation scams cost Americans $1.1 billion in 2023

Americans lost over a billion dollars to scammers impersonating businesses or government agencies last year, the FTC says in a new report. 2023 saw Americans report 490,000 impersonation scams to the FTC, a figure the agency says represents nearly half the frauds reported directly to the FTC. “Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020, more than three times what consumers reported in 2020,” the