2,000 U.S. People a Day are Being Victimized by Wire Fraud
The stolen funds are benefiting criminals across the globe, enabling their operations and harming innocent individuals.
Together, We Can Stop Wire Fraud
Victim Losses
Overview
Wire fraud has led to significant financial losses over the years, with both the number of victims and the total amounts lost increasing annually. Below is a summary of reported losses and victim counts by year:
Federal Trade Commission:
U.S. Fraud and Scam Statistics 2020 - $3.3 Billion Lost. The U.S. saw a massive 45% increase from 2019 to 2020 in reports of fraud, scams, and identity theft and a 1,400% increase in 20 years from 2001. (Source)
Approximately 11,677 victims reported losses totaling $221 million. (Source)
2020:
The Federal Trade Commission (FTC) reported that Americans lost at least $3.3 billion to fraud, with wire fraud being a significant contributor. (Source)
2021:
Reported losses from wire fraud (Business Email Compromise/Email Account Compromise) increased to over $2.3 billion. (Source)
2022:
The FBI's Internet Crime Complaint Center (IC3) received 800,944 complaints, with losses exceeding $10.3 billion. Business Email Compromise (BEC) scams accounted for $2.7 billion of these losses. (Source)
2023:
Consumers reported losing more than $10 billion to fraud, marking a 14% increase over reported losses in 2022. Investment scams led in reported losses at more than $4.6 billion. (Source)
Stopping wire fraud through actionable solutions.
Supporting victims and helping them recover losses.
Advocating for changes to protect all Americans from this growing threat.
