Scam losses worldwide this year are $1 trillion. How to protect yourself.

News • November 13, 2024

Corrections & Clarifications: A previous version of this story included data provided to USA TODAY that misstated the amount lost to scams globally last year. It was $1.026 billion.

Scammers have bilked victims worldwide out of a staggering $1.03 trillion in the past 12 months, a new report shows.

That number is up from $1.026 trillion last year, according to the 2024 Global State of Scams report by the Global Anti-Scam Alliance in partnership with Feedzai, a company that helps financial institutions manage their fraud.

The latest annual report drew insights from more than 58,000 respondents worldwide.

The hardest-hit victims were in the U.S., where the average loss per scam victim was $3,520, followed by victims in Demark and Switzerland, who lost $3,067 and $2,980 respectively.

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Page printed in December 25, 2024. Plase see https://www.feedzai.com/inthenews/scam-losses-worldwide-this-year-are-1-trillion-how-to-protect-yourself for the latest version.