Fraud And Scam Prevention Series: Report Identifies Broad Problems And Offers Complex Recommendations

Welcome to Wiley's new series on fraud and scam prevention. Bad actors increasingly exploit America's communications, banking, and digital systems to achieve astounding levels of fraud. With American households estimated to lose more than $1 billion each week to such scams, this proliferation of fraud endangers the American economy and national security.¹ Whether it is imposter fraud, cybersquatting, domain name theft, SMS phishing, or another method of attack, consumers report unprecedented levels of financial loss, fear of operating online, and limited trust in traditional methods of communication. A broad range of U.S. companies are also victims when scammers misappropriate their brand names to harm consumers.