FTC Release: New FTC Data Show Top Text Message Scams of 2024; Overall Losses to Text Scams Hit $470 Million

Dow Jones

04/17

Fake package delivery issues and phony job opportunities were most frequently reported

New data from the Federal Trade Commission show that in 2024, consumers reported losing $470 million to scams that started with text messages. This amount is five times higher than what was reported in 2020, even though the number of reports declined.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/04/new-ftc-data-show-top-text-message-scams-2024-overall-losses-text-scams-hit-470-million

(END) Dow Jones Newswires

April 16, 2025 13:31 ET (17:31 GMT)

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This amount is five times higher than what was reported in 2020, even though the number of reports declined. \n\n\n  View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/04/new-ftc-data-show-top-text-message-scams-2024-overall-losses-text-scams-hit-470-million \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 16, 2025 13:31 ET (17:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}