Security News > 2020 > April > US victims lose $13 million from COVID-19-related scams

Successful COVID-19-themed fraud attempts perpetrated in the US, since the beginning of the year resulted in a little over $13 million losses, the Federal Trade Commission has shared.

Despite repeated alerts from a variety of sources - the FBI, the FTC, the FCC - US citizens continue to fall for COVID-19-themed scams.

Scams related to online shopping are also numerous, but fraud attempts in which fraudsters impersonate various businesses seem the most lucrative: the total loss from 384 reported cases is $1.2 million, which is roughly $3,125 per case.

Scams related to travel/vacations are the most popular form of fraud, followed by those related to online shopping.

In March, Reuters reported that in just one month, victims in the United Kingdom have lost more than 800,000 pounds to COVID-19-linked scams.

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