Last year, 21 million American adults—roughly one in six households—experienced scams, leading to estimated total household losses of up to $130 billion annually. 

Fraud losses reported to the FBI increased 15-fold over roughly the last decade, and the rise of new technologies like AI has made scams more sophisticated and easier to perpetuate to harm American families.

The Aspen Institute launched the National Task Force on Fraud and Scam Prevention in 2024 to develop the first coordinated national strategy aimed at stopping financial fraud at its root.

The guiding purpose of the Task Force is to bring together all parties with an interest in protecting consumers and restoring trust in our financial system. This is the first time such a broad collection of leaders from across government, law enforcement, private industry, and civil society are coming together to develop a nation-wide strategy aimed at helping prevent fraud and scams. From goal-setting to implementation, this diverse body of experts will help us all achieve a more secure future here in the U.S.