New Federal Trade Commission (FTC) data reveals that consumers reported over $12.5 billion in fraud losses in 2024, a 25% increase from 2023. The rise is attributed not to more fraud reports, which remained stable, but to a 38% increase in individuals losing money to scams. Investment scams caused the largest losses at $5.7 billion, followed by imposter scams at $2.95 billion. Fraud reports from 2.6 million consumers remained consistent, with government imposter scams increasing significantly. Scammers are evolving their tactics, using personalized approaches to exploit victims more effectively.