Losses linked to impersonation scams top $1 billion yearly, FTC says

A classic type of fraud — when a crook impersonates a business or a government agency — appears to be bigger than ever, according to federal statistics, and it’s now most likely to begin via text message or email instead of a phone call. Impersonation scams reported to the Federal Trade Commission cost victims

agency business call cybercrime email federal fraud ftc government government agency impersonation impersonation scams losses message news briefs phone phone call scams statistics text text message