Posted by Financial Strategies Group in Blog Posts, Consortium Retreat, Continuing Education, Dimensional Funds Advisors, Economic Update, Family, Financial Planning, Giving More, Newsletters 24 Feb 2021
February 2021: 7 Steps for Staying Ahead of Scammers
When was the last time you received a phone call or email from a scammer? If it was recently, you aren’t alone. Internet scams show no signs of letting up.
In fact, the problem may be getting worse. In a recent report released by the Internet Crime Complaint Center, the FBI recorded 467,361 complaints in 2019 and more than $3.5 billion in losses to individuals and businesses. Making it the largest number of complaints and the highest dollar losses reported since the center was established 20 years ago.
The costliest scams involved business email compromise, romance or confidence fraud, and mimicking the account of a person or vendor known to the victim to gather personal or financial information, the FBI said.
You can avoid becoming a victim with vigilance and common-sense steps.