Study: Most Common Scams in New York
ALBANY, N.Y. (NYCROUTINE) — According to reports from the Federal Trade Commission (FTC), New Yorkers lost a staggering $400.9 million to fraud in 2023. A study by QRFY, using FTC data, identified the most common scams in New York. The study also revealed that New York ranked 21st in the country for fraud, based on money lost relative to the state’s population size.
1. Identity Theft
Identity theft accounted for 20% of all reports, with 51,484 cases in 2023. This fraud occurs when someone uses another person’s personal or financial information without permission. To protect yourself, never share personal or banking information via text or phone, use official company websites for purchases, and monitor your accounts for unauthorized transactions.
2. Credit Bureaus, Information Furnishers, and Report Users
These scams accounted for 17% of reports, with 43,135 cases. They involve false, inaccurate, or incomplete information reporting and improper use of consumer information. Report any inaccuracies as soon as possible.
3. Imposter Scams
Imposter scams made up 14% of all reported scams, with 36,386 cases. These scams involve someone pretending to be a bank official or other authority figure to trick victims into sending money. Never send money or share personal information with unknown callers, even if they seem legitimate.
4. Online Shopping and Negative Reviews
Online shopping scams represented 7% of scams, with 18,807 cases. These scams involve fake stores and fraudulent ads leading to orders that never arrive. Review fraud, where merchants post fake positive reviews, is also common. Be cautious and research stores before making purchases.
5. Banks and Lenders
These scams accounted for 5% of reports, with 13,468 cases. They involve fraudulent loan offers aimed at obtaining personal information or money. Always verify the legitimacy of loan offers before providing any information.
6. Credit Card and Loss Protection
Credit card fraud made up 3% of scams, with 7,709 cases. This involves unauthorized use of credit card information. Monitor your credit card statements and report any suspicious activity immediately.
7. Internet Services
Internet service scams also accounted for 3% of scams, with 7,581 cases. Scammers pose as your internet service provider, offering fake deals and requesting fees. Be wary of unsolicited offers and verify deals through official channels.
8. Auto-Related Scams
Auto-related scams made up another 3% of scams, with 7,563 cases. These include deceptive car ads, fake auto warranty or insurance claims, and scammers posing as car dealers or insurers. Research any auto-related offers thoroughly.
9. Prizes, Sweepstakes, and Lotteries
These scams represented 2% of reports, with 6,346 cases. Scammers pretend you’ve won a prize or lottery and ask for money upfront. Legitimate prizes don’t require payment—be suspicious of any requests for money.
10. Healthcare Scams
Healthcare scams also accounted for 2% of scams, with 5,964 cases. These involve fraudulent health insurance or prescription offers and bogus healthcare-related fees. Verify healthcare offers with trusted sources before making any payments.
Stay Vigilant
To avoid becoming a scam victim, stay vigilant and report any suspicious activity to your local police and the FTC.
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