Bank impersonators scammed the public out of nearly $1 billion in 2025, a sharp increase over 2024 levels, the U.S. Federal Trade Commission (FTC) said.

Thieves impersonated banks through texts, email, social media, the telephone, and search engines, according to the FTC, which tracks the annual amount of fraud against consumers.

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...