FBI issues warning
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Scams cost Americans billions more than FBI data suggests, study says: See how much
Americans may be losing far more to scammers than official data shows, according to a new study. The annual cost of online scams is estimated at $119 billion, according to a report from the Consumer Federation of America (CFA) released this month.
"Victims often suffer the loss of entire banking, savings, retirement, or investment accounts under the guise of 'protecting' their assets," the FBI said in a news release.