The Federal Trade Commission (FTC) recently announced the top scams of 2023. The report detailed that a record $10 billion was lost to scams last year, up $1 billion from 2022.
Email was the primary contact method for scammers with imposter scams – where fraudster poses as your bank, a government agency, or a relative in distress, for example – claiming losses of $2.7 billion.
The FTC also reported that younger adults were scammed most frequently, but older adults saw higher financial losses due to scams.
One way to avoid becoming a victim is to stay informed about the latest trends so you can detect red flags. Go to consumer.ftc.gov/consumer-alerts/2024/02/think-you-know-what-top-scam-2023-was-take-guess to read the full article.
If you are a MVSB customer and you are concerned your personal or financial information was compromised due to a scam, please call us directly at 800.922.6872 so that we can assist you with protecting your accounts and identity.
