The stats don’t lie… just the bad guys.

Ever heard of the FTC’s (Federal Trade Commision) Consumer Sentinel Network database? The FTC’s Consumer Sentinel Network (Sentinel) is a database that receives reports directly from consumers, as well as from federal, state, and local law enforcement agencies, the Better Business Bureau, industry members, and non-profit organizations. Twenty-five states now contribute to Sentinel. Law enforcement agencies from local to international utilize the data to spot trends, monitor bad businesses, improve procedures, and enforce the law. 

The results are in for 2021, and things are looking up… in the amount of reports filed and monies lost. There were over 5.7 million reports filed, including 2.8 million worth of fraud. The fraud alone cost Americans 5.8 billion dollars, which is a 70% increase from the year prior. 1.4 million Imposter scams brought in over 2.3 billion dollars, up from 1.2 billion in 2020. And based on the trends from every year, 2022 will break the current numbers before the year’s out.
The sudden shift to working from home caught businesses and consumers off guard, and now that there’s a shift to things going back to normal, bad actors are once again waiting to take advantage. IF your company should find itself under attack, with a data breach, or compromised security, contact Betterchips immediately. The quicker Betterchips can get involved, the more likely your company’s digital assets can be saved or restored. Don’t let precious time go to waste, contact Betterchips now.