(WTAJ) — An annual study found that 2020 broke records for the amount of money lost by Americans as a result of online scams in just one year.
The $4.2 billion lost in 2020 was over half of what was lost from 2017-19 combined. In those three years, a total of $7.5 billion was lost, according to an identity verification website, Social Catfish. It’s believed the 2020 figure is due to the fact more people were on their phones during the COVID-19 pandemic.
A 2021 study found that so far, most of the losses come from California ($621 million), New York ($416 million), Texas ($313 million), Florida ($295 million) and Ohio ($170 million). Pennsylvania ranks No. 8 across the country with over $100 million lost.
Some of the lowest reported scams occur in South Dakota ($3 million), Vermont ($4 million) and West Virginia ($5 million).
Their study also reports that the top…