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As the summer season comes to an unofficial end, often recognized by the Labor Day holiday, Better Business Bureau serving Wisconsin wants to take this opportunity to provide information regarding the rate of scams and their impact on Wisconsin residents from May 1-Aug. 31, 2021.
According to BBB Scam Tracker, Wisconsin residents reported more than $93,000 lost to scams during the summer, averaging $23,250 lost per month from May 1-Aug. 31, 2021. BBB’s Scam Tracker website allows consumers to self-report when they’ve been exposed to a scam, whether or not they’ve lost money. More than half (53%) of all scam reports indicated that money was lost, demonstrating how convincing scammers can be when interacting with a potential victim. The top two reported scams during this period were online purchasing and phishing scams. Additionally, Wisconsin residents lost more than $10,550 to cryptocurrency scams.
To further understand the impact of the most common scams in Wisconsin during summer 2021, BBB provides the following information:
Impact of online purchasing scams
- Made up 40% of all reports from May 1–Aug. 31, 2021.
- More than $29,000 was reported lost.
- Consumers lost the most amount of money to online purchasing scams when attempting to purchase a pet online….