According to a report by the Federal Trade Commission (FTC),
in 2020, there were 4.7 million reports of fraud, identity theft, and other consumer complaints, with consumers reporting losses of $3.3 billion. The majority of these complaints were related to online shopping and internet services.
Another report by the Better Business Bureau (BBB)
found that online purchase scams were the most common type of scam reported in 2020, accounting for 38.3% of all reported scams. The report also found that the median loss per victim of online purchase scams was $94.It's important to note that these figures are from 2020, and with the continued growth of online shopping, it's possible that the numbers of online shopping fraud have increased in 2022.
As of now, data on the number of online shopping fraud cases in 2022 is not yet available, as the year is still ongoing. However, statistics from previous years show that online shopping fraud is a significant problem worldwide. In 2021, the Federal Trade Commission (FTC)
received 4.7 million reports of fraud, with online shopping and negative reviews being among the most commonly reported types of fraud. The National Retail Federation reported that U.S. retailers lost an estimated $7.6 billion in 2020 due to fraud. In the UK, fraud losses from online shopping were estimated at £1.2 billion in 2020, according to Action Fraud. These numbers show that online shopping fraud is a serious issue and that consumers should be vigilant and take necessary precautions to protect themselves when shopping online.
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