Scammers are using various methods to deceive people, resulting in significant financial losses. A substantial amount of money was lost to these scams, with a notable portion attributed to business impersonation. The total loss is reported to be $3.5 billion.

Further information is available on how these scams are becoming increasingly difficult to detect, particularly with the use of advanced technology. Some companies are now using secure channels to verify their identity when sending messages to consumers.

Details on the impact of these scams and efforts to combat them can be found through the Federal Trade Commission and other sources, such as Sinch.