Findings from the annual BBB Scam Tracker Risk Report can provide timely insights on how you can protect yourself from scammers. Key highlights and tips are provided below, but you can read the full report at BBBMarketplaceTrust.org/RiskReport.
Top 5 Riskiest Scams Reported by Consumers
Online shopping scam highlights:
- 31.9% of all scams reported in 2022 were online purchase scams.
- 74.0% of those who reported being targeted by online purchase scams lost money.
- Online purchase scams were the #1 riskiest scam type for ages 35 to 64.
Other key highlights:
- Online scams were more likely to result in a reported monetary loss than those perpetrated in person or via phone.
- In 2022, people ages 18 to 24 reported a higher median dollar loss ($220) than other age groups for the first time since we began publishing the BBB Scam Tracker Risk Report in 2016.
- Scammers continue to target people using text message, up 39.6% from 2021. Scams perpetrated via text message had the second highest reported median dollar loss ($579) behind those perpetrated in person ($715).
- Employment scams rose on the list of riskiest scams in 2022 due to a high reported median dollar loss ($1,500) and an increase in submissions. This scam type was the #1 riskiest for ages 18-34 years old.
- Home improvement scams—the #4 riskiest scam type—had a high median dollar loss ($1,500). This scam type was the #1 riskiest for ages 65+.
These tips can help you avoid most scams and protect yourself and your family:
- Never send money to someone you have not met face-to-face.
- Don’t click on links or open attachments in unsolicited email or text messages. If the person claims to be somebody you know or a well-known organization, contact the person directly or go directly to your account to confirm the details.
- Don’t believe everything you see or read. Scammers are great at mimicking official seals, fonts, websites, and other details.
- Take precautions when making online purchases. Avoid making quick purchases while browsing social media. Research all product offers. Check out every business on bbb.org and whenever possible, look for businesses that are BBB Accredited. BBB Accredited Businesses are vetted by BBB and agree to work with BBB to resolve complaints.
- Be extremely cautious when dealing with anyone you’ve met online, take your time, don’t share personal information with unsolicited contacts and use common sense.
Content Courtesy of BBB Institute for Marketplace Trust
