The gamification of text scams skyrocketed in 2024, according to Federal Trade Commission data, contributing to consumers losing hundreds of millions

Beware Job Offers Via Text as FTC Says ‘Task Scams’ Are Skyrocketing

submited by
Style Pass
2024-12-12 18:30:10

The gamification of text scams skyrocketed in 2024, according to Federal Trade Commission data, contributing to consumers losing hundreds of millions of dollars to schemes they thought were going to pay them instead.

Over the last four years, the agency has been tracking a new breed of scams in which tricksters send text messages to victims offering to compensate them in exchange for completing a series of quick online tasks. The initial tasks and rewards are designed to hook victims, then the scammers demand a deposit before sending along the next batch of work, which, surprise surprise, never comes.

In 2020, the FTC didn’t receive any reports about these so-called task scams. Reports began to trickle in over the next few years to the tune of around 500 in 2021, 1,000 in 2022, and 5,000 in 2023. But this year, the task scam industry took off. During the first half of 2024, the FTC received more than 20,000 complaints.

The agency said consumers reported losing around $223 million to schemes involving fake jobs in the first half of 2024 and text-based swindles accounted for nearly 40 percent of those losses. By comparison, consumers reported losing just $90 million to job scams of any kind in 2020.

Leave a Comment