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Americans reported $20.9B in fraud losses in 2025, up 26%
The article also cites an estimated $12B in 2025 overdraft fees, urging consumers to enable free bank security alerts.
Yahoo Finance reports Americans reported $20.877 billion in total losses due to fraud in 2025, a 26% increase from 2024. It adds that scammers have grown more sophisticated with technology tools, contributing to rising consumer losses.
The article notes that fraud-related harm is not limited to emptying bank accounts. It cites the National Consumer Law Center’s estimate that Americans lost about $12 billion in overdraft fees in 2025.
Yahoo Finance says many fraud and account mistakes could be prevented by using free alerts banks already offer, and attributes the point to Ethan Gustav, group president at Infobip. It also describes concerns that consumers may be unaware of these features or find the security settings difficult to locate and implement.
The piece outlines alert types recommended by experts, including transaction alerts that can be triggered by purchases or ATM withdrawals above chosen thresholds, and login notifications to flag when account access occurs.