$2.1bnreported lost by bank transfer or payment in 2024, the most of any method, FTC
Bank transfers were the costliest way to pay a scammer in 2024: $2.1 billion reported to the FTC from 47,336 reports, against $275 million on credit cards from 108,881.
Credit cards are used far more often and lose far less, because a card payment can be disputed and a bank transfer usually cannot.
Source: US Federal Trade Commission.
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