Consumers lost a whopping USD 330 Million to SMS scams in US in 2022
Shortpedia
Content Team
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Consumers lost a whopping $330 million to SMS scams in the US in 2022, more than double the losses reported in 2021 and nearly five times what people reported in 2019, a new report has shown. According to the US Federal Trade Commission (FTC), reports about text scams spiked in the first six months of the Covid-19 pandemic and have never returned to pre-pandemic levels.
