Americans lost $40 billion to phishing scams in 2022, report finds

By Around the Web

(KTNV) – We’re getting our first look at just how much money Americans lost to phishing scams—those phony texts or calls or even Internet ads that try to get money or information out of you. A report by TrueCaller, an app that blocks spam calls, estimates Americans lost $40 billion in 2022 to phishing scams.

“It continues to be the number one issue. It is the primary access point for 99% of these attacks,” said Robert Falzon, head of engineering at Checkpoint Security, an international Cybersecurity company with locations in more than 10 countries. “[2023] is going to be the year where we see a lot of these. It’s just January and I’m fielding calls like crazy.”

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We often associate phishing with money, and that $40 billion offers credence to that point. But Falzon points out scammers are now looking beyond quick tricks that will net them a few hundred dollars to elaborate frauds that can cost people tens of thousands of dollars.

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