Imposter Scams Led Fraud Reports to the FTC for Fifth Straight Year in 2025, Causing $3.5 Billion in Losses

While most reported imposter scams did not result in financial loss, victims in the remaining cases collectively lost $3.5 billion, including $1 billion to business impersonators — often posing as banks — and $920 million to government impersonators. CFP Board reported that 62% of people have experienced financial fraud themselves or know someone who has in the past three years.

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