The Scam Economy: $5.8 Billion in Consumer Losses

Tech advances help scammers evade enforcement

Photo by Ales Nesetril on Unsplash

The Washington Post reports on the harms to consumers of the “scam economy,” largely based in the world of robocalls and email scams.

We mostly think about scam calls and texts in terms of their financial costs to the people who fall for them. Consumers reported $5.8 billion in…