Arizona fraud losses soar to $145M in 2024

Arizonans reported losing nearly $145 million to various forms of fraud last year, per new FTC data — up a staggering 20% from 2023.

Why it matters: The spike, which mirrors a national trend, suggests fraudsters are outpacing both law enforcement and efforts to educate consumers on how to protect themselves.

Driving the news: Business imposter scams were the most commonly reported in Arizona last year, followed by online shopping and government imposter scams.

Stunning stat: Many fraudsters prey on older, less digitally savvy people — but of 20-29-year-old Arizonans who reported fraud in 2024, 37% said they lost money, compared to 29% of those 70-79 years old.