Fraud cost America $12.5 billion last year — LeyesX CEO Kevin Leyes built the ‘Identity Risk Governance’ framework to stop it
Real Estate
Fraud isn’t just a nuisance anymore. It’s a multi-billion-dollar drain on the American economy. Americans lost $12.5 billion to fraud in 2024, according to newly released Federal Trade Commission data , a sharp jump from the prior year. Investment scams alone accounted for $5.7 billion, while identity-based fraud continued to spread across banking, crypto, real estate and social media platforms. What’s driving the surge isn’t necessarily more scams, but more effective ones. “The problem isn’t
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