US Banks Lose $492,000,000 of Customer Funds in One Year As Successful Scams Skyrocket: Report

US banks failed to stop scammers from stealing nearly half a billion dollars of their customer’s money in 2023, according to a new report from the Federal Trade Commission (FTC). In an overview on the state of scamming, the FTC says It tracked 11,950 reports of bank transfer and payment fraud in 2023, with banking […] source: https://dailyhodl.com/2024/02/23/us-banks-lose-492000000-of-customer-funds-in-one-year-as-successful-scams-skyrocket-report/