Consumers in the US lost $330 million to text scams in 2022, FTC says

Consumers have lost a whopping $330 million to SMS scams in 2022, according to
the Federal Trade Commission’s latest report.

The analysis shows that financial losses more than doubled from the previous
year, with attackers focused on taking advantage of users’ carelessness and
increased usage of mobile phones to shop, bank or even work.

“Scammers use the speed of text communication to their advantage: they hope you
won’t slow down and think over what’s in the message,” the FTC said
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