Chances are you know someone who has been a victim of fraud or scam. As a result of the pandemic, fraudsters are finding new ways to find victims. The good news is that there are simple ways for consumers to stay safe and fight back.
In a recent Chase survey of 2,000 consumers, 84% of survey respondents agreed that scams and scammers have become more sophisticated in recent years.
To spot fraud, it’s important to learn more about the most widespread scams, how to prevent them and what to do if you think you may be a victim.
How common are fraud and scams?
Fraud cases are unfortunately becoming more prevalent, and more sophisticated. In fact, the FTC revealed that 3.5 million people reported being a victim of fraud or identity theft in 2020, an increase of more than 1.5 million from the previous year. For Black communities, the problem is even worse with nearly half (40%) of Black adults being targeted by of…