Keen to avoid losing money to scammers? Here’s what you can do

Scams are divided into categories: romance, charity, relatives in distress. Dillman said scammers typically try to cause an instant connection of trust, a buy-in or describe a fake emergency. — AZHAR MAHFOF/The Star

SELINSGROVE: Consumers reported losing more than US$3.3bil (RM14.53bil) to fraud in 2020, up from US$1.8bil (RM7.93bil) in 2019, according to the US Federal Trade Commission (FTC).

Newly released data shows consumers reported losing more than US$5.8bil (RM25.55bil) to fraud in 2021, an increase of more than 70% over the previous year.