Tennesseans keep falling for scams
Residents of Tennessee ranked above average in terms of scam impacts, losing an average of $15,879 per incident on a total loss of $113.7 million in 2022.
This is a statistic that you don’t want to see rising at the rate it is.
According to the third annual study on the “State of Internet Scams 2023,” a record $10.3 billion was lost by Americans to online scams in 2022, up from $6.9 billion in 2021, and up 277 percent from $2.7 billion five years ago. The average loss per victim jumped from $8,142 per incident in 2021 to $12,859 last year.
Victims of online scams – whether it be investment, romance, cryptocurrency or others – often lose their life savings and some even take their own lives. In the analysis that accompanied the report, the study found that only 4.2 percent of lost monetary assets were recovered in 2022.
Residents of Tennessee ranked above average in terms of scam impacts, losing an average of $15,879 per incident on a total loss of $113.7 million in 2022. Leading the nation in terms of average loss per victim was Alabama at a whopping $50,670, nearly $20,000 more than residents of New York that placed second.
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