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Explore: National Consumer Protection Week: Beware of Pandemic Scams

National Consumer Protection Week: Beware of Pandemic Scams

This past year, scam artists have taken advantage of people’s concerns over the coronavirus pandemic to defraud them of money. According to the Federal Trade Commission (FTC), consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019. 1

This week is National Consumer Protection Week, the perfect time to take steps to protect yourself from the increase in fraud, identity theft and other scams. Here are some of the latest ones to watch out for.

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What Are the Warning Signs of Financial Scams Targeting Older Individuals?

Financial Scam

If you or someone you know has been targeted by a scam artist who is trying to steal money or personal information, you’re not alone. According to the Senate Special Committee on Aging, older Americans lose an estimated $2.9 billion annually to fraud and exploitation, a number that is probably substantially underreported.

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Tax Scams to Watch Out For

Tax Scams to Watch Out For

While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it’s in your best interest to always be vigilant so you don’t end up becoming the victim of a fraudulent tax scheme.

Here are some of the more common scams to watch out for.

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Don’t Get Left Out in the Cold by Scams This Holiday Season

Shopping

This isn’t your father’s holiday shopping season. The gradual trend from brick-and-mortar shopping to online has brought unprecedented speed and convenience to the once overwhelming task of finding the perfect gift at the best possible price. Unfortunately, it has also brought out a new generation of thieves and con artists. Here are some simple steps that you can take to ensure you aren’t getting scammed this holiday season.

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