The FTC has compiled the data into an easily digestible infographic, which is updated regularly. At the time of writing, the total fraud losses since the start of this year amount to US$13.13 million, with a reported median loss of US$568.
The crime that was reported the most was the rather broad category of fraud with 9,634 complaints, with 46.4% of them reporting a loss. It’s safe to say that the official figures don’t paint the whole picture, however, as many scams go unreported.
Nevertheless, the largest number of complaints had to do with cancellations and refunds for travel- and vacation-related products and services (2,853), which translated into almost US$4.8 million in losses.
Scams related to online shopping was the second most-occurring crime, with 1,804 complaints resulting in almost US$1.5 million in losses. While con artists impersonating various businesses were the smallest group with only 384 cases, they amounted to the third greatest number of losses raking in almost US$1.2 million.