Americans Lose $450 Million to Fake Job Scams

Americans are losing a whopping $450 million while trying to find a job online.Fake job scams accounted for roughly 105,000 scams in 2023, according to the Federal Trade Commission, and they are now seen as one of the fastest growing types of scams as Americans face an uncertain job market.All in all, fake job scams increased by more than five times over the past five years. The FBI recorded 15,000 victims of this type of scam, who say they lost more than $52 million.

'Graduation season is around the corner, and scammers are taking advantage of young and naive job seekers ready to hit the real-world post-grad after college, eagerly jumping on any opportunity that comes their way,' Zulfikar Ramzan, the chief scientist and executive VP of product and development at online security platform Aura, told Newsweek.

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