Cybersafety Connections April 2021 #13
We Got Intel from ACFE Insight!
Be In the Know
- The Federal Trade Commission Consumer Sentinel Network 2020 Data Books
- Report Types and Categories
- Fraud Reports by Payment Method
- Fraud Reports by Contact Method
- Reported Fraud Losses by Age
- State Rankings: Fraud and Other Reports
Federal Trade Commission
Yes, we have new information according to the ACFE Insights featuring Federal Trade Commission’s 2020 Consumer Reports.
In October 2020, the Federal Trade Commision set up ReportFraud.ftc.gov a website for people to report fraud and other illegal business practices. As usual this report is stored in Consumer Sentinel Network (Sentinel) which is a data base available only to Law Enforcement. The Consumer Sentinel data has an interactive version online at ftc.gov/exploredata. Sentinel also includes reports filed with other federal, state, local, and international law enforcement agencies, and other organizations like the Better Business Bureau and Publishers Clearing House.
Report Types and Categories
In 2020 the Consumer Sentinel Network complied over 4.7 million consumer reports which was an increase over 2019.The report type is broken down into;
Fraud reported was 2.2 million which made up 46% of the report with 34% suffering loss amounting to 3.3bn which is an increase of 1.5bn over 2019.
- Imposter Scams
- Online Shopping
- Internet Services
- Prizes, Sweepstakes and Lotteries
- Telephone and Mobile Services
- Travel, Vacations, Timeshare Plans
- Business and Job Opportunities
- Health care
- Foreign Money offers and Fake Checks Scam
- Investment Related
The categories are based on the number of reports, percentage reported number of loss, total loss and median loss.
Made up 26% of fraud type reported.
Identity Fraud categories
- Government documents or benefits fraud
- Credit card fraud
- Loan or lease fraud
- Employment or tax-related fraud
- Phone or utilities fraud
- Bank fraud
The identity theft report categories were based on theft type and number of reports.
Top 10 Other Categories
- Credit Bureaus, Information Furnishers and Report Users
- Banks and Lenders
- Auto Related
- Debt Collection
- Credit Cards
- Home Repair, Improvement and Products
- Television and Electronic Media
- Computer Equipment and Software
- Privacy, Data Security, and Cyberthreats
Other categories were ranked based on number of reports.
What: 65,576 frauds were reported with military consumers losing money to fraud in 24% of the reports and this amounted to total loss of 122 million and median loss of $600 million.
Fraud Reports by Payment Method
Payment Method Total Loss (Millions)
|Payment Apps or Service||8.7|
|Gift Card or Reload Gift Card||124|
|Bank Transfer and Payment||314|
|Cash and Cash Advance||146|
Payment method was ranked by number of reports.
Of 2.2 million frauds reported, fraud by payment method is 17%.
Fraud Reports by Contact Method
Contact Method Total Loss (Millions)
|Websites or APP||316|
|Online Ad or Pop-up||13|
Contact method is ranked by number of reports, total dollars loss and median loss.
Of 2.2 million frauds reported, 57% was reported with contact method used.
Reported Fraud and Losses by Age
Age Range Total Loss (Millions)
|19 and under||28|
|80 and over||105|
Report by age based on total loss.
The top five states for fraud and other reports based on 100k population are; Neveda, Delaware, Florida, Maryland and Georgia.
The top five states for Identity theft based on 100k population are Kansas, Rhodes Island, Illinois, Nevada and Washington.
In both fraud and Identity Theft reports, California had the highest number of reported cases.
For the detailed report visit;
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