There were 2.5 million fraud reports last year. Find out which type of fraud tops that list.

Answer: Imposter Scams

Questions:

• Why do you think imposter scams have grown so rapidly in recent years?
• What are warning signs that something could be a scam?
• How can you verify that someone is who they say they are?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Consumer Sentinel Network): 

"There were 853,395 imposter scams reported to Sentinal. Twenty-one percent of those reported a dollar loss, totaling nearly $2.7 billion lost to imposter scams in 2023. These scams included people falsely claiming to be a romantic interest, the government, a relative in distress, a well-known business, or a technical support expert to get a consumer's money. 

Of the over 2.5 million fraud reports, 27% indicated money was lost. In 2023, people reported losing over $10 billion to fraud - an increase of over $1 billion over 2022. Over $4 billion of losses reported were to investment-related scams."

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Learn more by completing the NGPF On-Demand: Novice Investor Pitfalls

About the Author

Kathryn Dawson

Kathryn (she/her) is excited to join the NGPF team after 9 years of experience in education as a mentor, tutor, and special education teacher. She is a graduate of Cornell University with a degree in policy analysis and management and has a master's degree in education from Brooklyn College. Kathryn is looking forward to bringing her passion for accessibility and educational justice into curriculum design at NGPF. During her free time, Kathryn loves embarking on cooking projects, walking around her Seattle neighborhood with her dog, or lounging in a hammock with a book.