By

How many times have you received an email that reads something like this:

I am Mohammed Abacha,the son of the late Nigerian Head of State.Please,I need your assistance to make this happen and please; do not undermine it because it will also be a source of upliftment to you also.

Old news, the Nigerian email scam, right?

Wrong.

The thing is:

More and more consumers and companies are experiencing scams. But scams and victims are largely concentrated in some countries. Are you interested in reading about the latest scam statistics, including online dating scams statistics?

We’ve got you covered.

As expected, the data varies by country. But thanks to the many victim reports, there’s plenty of insightful info. The types of scams also differ, but some are more common, with catfish statistics revealing catfishing is in the top ten scams.

Now:

As you’re probably aware, scamming is a crime whether it’s executed online, via email, over the phone, or on a social media channel. So, why don’t you check out the overview we prepared for you at The High Court?

Without further ado, let’s dive right in.

Scary Scam Statistics (Editor’s Picks)

  • 56% of US respondents have experienced fraud in the last 24 months.
  • The vast majority of reported companies for fraud in 2020 were located in the US (7,994) and China (8,096).
  • An Indian national was sentenced to 20 years in prison for involvement in a scam.
  • About 78% of US organizations experienced social media phishing attacks in 2019.
  • Government imposter scams jumped by 53% from 2018 to 2019.
  • 47% of social media users find more spam in their feeds.
  • As of March 2020, 52.6% of frauds in China were prize or lottery winnings.

Global Scam Statistics

1. In 2020, there were 50,176 reports of fraud across the globe.

(Source: eConsumer.gov)

eConsumer.gov is a partnership of more than 40 consumer protection agencies worldwide aiming to support combating international fraud and scams. According to the International Fraud Report on scamming statistics 2020, the greatest number of reports are for online shopping, followed by business imposters, travel/vacations, and romance scams. 

In 2020, total losses amounted to $154.8 million.

2. The US had the highest number of reported frauds by e-consumers (8,573) in Q3 2020.

(Source: eConsumer.gov)

The second top consumer location was France, with 1,564 reporting consumers, followed by India (903), Mexico (518), and the UK (373).

In 2020, the US e-consumers made a total of 21,900 reports of fraud, which means that the US is the most-scammed country. Again, France was the second top location by the number of reports (6,252), followed by India (2,078), the UK (955), and Poland (950).

3. The vast majority of reported companies for fraud in 2020 were located in the US (7,994) and China (8,096).

(Source: eConsumer.gov)

You’ll learn how serious fraud is when you the following fraud statistic

In Q3 2020, the country with the highest number of companies reported for fraud was China (3,287), followed by the US (3,001), the UK (1,237), India (736), and France (499).

In total, in 2020, China had the highest number of companies reported for fraud,  followed by the US. The UK was third, with 3,170. Then came France, with 1,971, and finally India, where 1,729 of the reported companies were located.

4. In 2019, fraud reports were made against 20,802 Canadian-based companies.

(Source: FTC)

This places Canada on the top of the list by the number of companies. The Great White North was followed by China (8,728), India (8,666), the UK (8,059), and Germany (4,578).

When we look at the numbers of consumers of reported frauds, Canada was again on the top of the list, with a total of 25,773 reports in 2019. Germany was the second, with 13,276 reported frauds, followed by the UK (10,068), India (9,365), and France (5,227).

In 2019, the most common fraud method reported by consumers outside the US was communication via a website and others (38%).

Next, let’s take a look at US fraud facts.


Scam Statistics US

scam statistics

5. In 2019, there were a total of 3.2 million consumer problem reports in the US.

(Source: FTC)

The reports were mainly across the top three categories – identity theft, imposter scams, and phone and mobile services. 

About 1.7 million of the total number of reports were fraud reports. For 23% of those reports, a loss was reported, too. The total fraud losses amounted to a whopping $1.9 billion, and the median fraud loss was $320.

What’s more:

About one in ten people lost money in 2019. Approximately 33% of the victims were aged between 20 and 29, and 13% were aged between 70 and 79

These scam statistics are based on consumer reports. Others may be based on surveys.   

6. A study of 1,408 Americans and Canadians showed that 47% of the respondents didn’t engage with the fraudster. 

(Source: Longevity Stanford)

Another survey reveals about 30% of respondents engaged in the scam but didn’t lose money. However, 23% of respondents engaged and lost money. The survey used online purchasing scams that correlated with the highest number of victims and engagement. 

Most respondents who experienced scamming on the internet were linked to low financial literacy levels and social isolation. Click To Tweet

The study concluded that one in every five adult Americans are victims of fraud each year.

7. 56% of US respondents experienced fraud in the last 24 months.

(Source: PWC, PWC)

A survey about scams in the USA shows that the rate of fraud and economic crime remains the highest in the US. 56% of US companies have experienced it. In comparison to the global average (47%), the U.S. rate is significantly higher.

8. Government imposter scams jumped by 53% from 2018 to 2019.

(Source: AARP)

Worryingly, government imposter scams are on the rise. In this type of scam, criminals pretend to be employees of the Internal Revenue Service, Social Security Administration, or similar agencies that con or threaten people into giving out sensitive information or personal details that can be misused. 

9. An Indian national was sentenced to 20 years in prison for involvement in a scam that defrauded US victims of millions of dollars.

(Source: Justice.gov)

On November 30, 2020, an Indian national was sentenced to 20 years in prison plus 3 years of supervised release for his involvement in a scam that defrauded US victims of millions of dollars.

His role included operating and funding an India-based call center between 2013 and 2016.

But that’s not all:

The District Court for the Southern District of Texas also ordered Hitesh Hinglaj (the Indian national) to pay restitution of $8,970,396 to identified victims.


US Scam on The Internet and Social Media Statistics

10. Online purchase scams are at the top, with an 84% engagement rate and 47% money loss. 

(Source: Longevity Stanford)

The following categories are tech support scams, with a 64% engagement rate and 32% money loss, and employment scams, with an 81% engagement rate and 25% money loss. 

11. About 16% of respondents said they learn about scams from social media. 

(Source: Longevity Stanford)

Other than from worldwide scam and cyberattack news stories, the other sources of information concerning scams are word of mouth (41%), websites (22%), TV or radio public service announcement (15%), social media (16%), educational brochures (3%), and in-person meetings or seminars (4%).

Older people are more prone to be victims of organized scams like phone scams from the IRS scammer phone number list for 2019 and the IRS scammer phone number list for 2018.

12. 47% of social media users find more spam in their feeds, even though networks are working hard against it. 

(Source: Blog Hubspot)

When it comes to being scammed on the internet, only 20% of survey respondents said they were seeing fewer spammy messages on social networks.

Nearly half of respondents reported seeing more spam on their social media feed. 

Additionally, about 27% of respondents said they weren’t sure, and 6% didn’t use social media networks.

The next spam stat is about phishing:

13. About 78% of US organizations have experienced social media phishing attacks in 2019. 

(Source: Sectigo Store)

According to phishing scam statistics, US organizations experienced fewer attacks than their Japanese counterparts in 2019. In fact, one-quarter of respondents indicated that they’d experienced between one and ten phishing attacks. However, around 26% of respondents claimed to have experienced between 10 and 50 attacks in 2019.


China and Hong Kong Scams Statistics

14. Fraud stats show that in 2018, people lost about HK$ 41.9 million in online shopping scams.

(Source: Statista, SCMP)

Hong Kong online scams grew by a massive 35% in 2019 compared to 2018, as shown by the online scam statistics.

On average, about six cases of online shopping fraud were reported every day in 2019. Click To Tweet

Various products and services, such as electronics, fashion products, vouchers, and tickets, are included in the scams

15. 52.6% of frauds in China were prize or lottery winnings.

(Source: Statista)

Internet fraud statistics show slightly more than half of online frauds encountered by internet users in China as of March 2020 were prize or lottery winnings. That’s the biggest category by far. 

16. 39% of people who were a victim of internet scams and telemarketing in China were between 22 and 28 years old.

(Source: Statista)

According to scam statistics, in the first half of 2019, 39% of Chinese victims who reported telemarketing and online scams (on financial credit) were aged between 22 and 28. However, the data is based on online reporting only, which means some elderly victims may not have been included. 

17. Young online game players are the biggest group of victims, with 550 reported cases.

(Source: SCMP)

During the outbreak of the COVID-19 pandemic, Chinese scammers were out in force. Fraud cases rose by a massive 47% year on year to 3,243 cases between January 24 and March 13, the period when hundreds of millions of people were confined to their homes.

According to a Chinese internet security company, young online game players are the biggest group of victims.


Scam Statistics Australia

18. Australians lost A$58.6 in investment scams in 2020 as of December 10. 

(Source: Scam Watch)

The 2020 online shopping scam statistics in Australia show the top ten scam by losses are investment scams, dating and romance scams, threats of life scams, online shopping scams, false billing scams, remote access scams, health and medical product scams, and identity theft and hacking scams.

You might be wondering:

What are the most common ways that people get engaged in scams?

19. A$43.2 million were lost via phone scams in Australia in 2020 as of December 10.

(Source: Scam Watch)

Phone is the most common way of communication for scams. So, it should come as no surprise that the highest amount of money lost to phone scams. 

Over A$43.2 million are lost via phone scams in Australia in 2020 according to the phone scam statistics.

Phone scams are followed by internet scams and social networking scams in the top three. Victims are also engaged via email, mobile app, text, and in person.

In Australia, women (50.6%) and men (47.5%) are almost equally victims of scams. Men have lost slightly more money, whereas women have made more reports. 

20. The top scam for 2020 is phishing, with 39,677 reports as of December 10, 2020.

(Source: Scam Watch)

The top 10 scam reports list also includes threats to life, arrests, or other (29,336), identity theft (19,252 reports); online shopping (13,860 reports); false billing (11,687); hacking (8,008 reports); remote access (7,447 reports); classified scams (7,176 reports); investment scams (6,669 reports); and ransomware & malware.

21. One of the top scams of 2020 in Australia were investment scams, where individuals and businesses lost A$58.6 million as of December 10, 2020.

(Source: Scam Watch)

Within the overall scam category, investment scams are the most popular scams. Close to A$60 million were lost within this category. As of December 10, 2020, the categories that follow investment scams are:

  • Dating and romance scam statistics show that people have a total loss of around A$34 million.
  • Threats to life, arrest to others scams result in a loss of A$10.8 million.
  • Due to online shopping scams, people lost around A$7.6 million.
  • The amount of money that people lost to false billing equals around A$8 million.
  • Remote access scams resulted in people losing around A$7 million

UK Scam Stats

22. In 2019, UK consumers spent £41 billion a year on potentially misleading eco-friendly products and services.

(Source: GOV.UK)

Scams come in many forms. For instance, due to the increased spending on ethical goods and services, marketers might claim to be environmentally friendly to mislead consumers.

So, the UK Competition and Markets Authority (CMA) will examine descriptions and labels used to promote services and products to determine whether they’re misleading consumers with eco-friendly claims.

That’s because Brits spent a massive £41 billion on products and services advertised as environmentally-friendly in 2019. The spending in this industry has increased almost four times compared to two decades ago


Conclusion

Now you know how serious scams and fraud are, especially in the US, where most reporting victims are located. The number of reported cases has been increasing every quarter. 

To make matters worse: 

The COVID-19 pandemic resulted in a significantly greater number of active scammers and, unfortunately, victims.

And that’s not all:

Besides the rise in reported cases, there is a significant increase in the amounts lost by victims.  Phone calls remain popular, but the rise of social media and online engagement equipped scammers with new channels.

While the United States, China, and Canada are definitely top locations for executing scams, Australia has been gathering vast data, which helps analysis and produces significant insights.

Bottom line:

Identity theft, frauds, and scams in various shapes and forms are here to stay. So, stay vigilant. Oh, and don’t forget about those Nigerian princes.


FAQ

Q: How much money is lost to email scams every year?

In 2019, consumers lost $1.3 billion to email scams.

Q: What age group gets scammed the most?

The latest surveys are conducted online, which may not be the best way to gather demographic data since elderly people aren’t used to digital devices and technologies.

However, the Federal Trade Commission reports that Millennials are more prone to lose money in different scams than their elders, including catfish scams, internet catfishing statistics confirm. In 2020, people aged between 30 and 39 made the most fraud reports. Meanwhile, people aged 80 and above who reported fraud and loss have the highest median loss. The FTC data is based on reports rather than surveys.

Q: What is the biggest scamming country?

Nigeria is definitely the most popular nation, with reports on Nigerian scam phone numbers and Nigerian scammers revenge regularly making the news headlines. Americans lost $703,000 to such frauds in 2018.

In 2019, a US financial crime investigation resulted in the charging of 80 people, 77 of whom were Nigerian nationals, for fraud and money laundering offenses amounting to $46 million, scam statistics reveal.

Q: What are the effects of scamming?

Scamming can have different effects besides the obvious loss of money. Scams may influence victims’ mental wellbeing, relationships, and self-esteem.

Sources:

Leave a Comment

Your email address will not be published.

Sign in

Sign Up

Forgotten Password

Job Quick Search

Cart

Cart

Share