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Report reveals 2018’s riskiest scam

Report reveals 2018’s riskiest scam

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Each year, Better Business Bureau (BBB) compiles data from Scam Tracker to create the BBB Scam Tracker Risk Report. Using an algorithm that considers three important factors—exposure, susceptibility and median loss—the Risk Report can accurately determine which scams pose real threats to consumers. The 2018 Risk Report was launched on March 6 and sheds some light on the changes seen in the last year. With a total of 50,559 scams reported in 2018, BBB saw a 5.7 percent increase in reports from 2017, along with an 86.7 percent increase in susceptibility. Luckily, there was some good news. Median dollar amount loss ...

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