Your bank account has never been more vulnerable than it is right now, according to alarming new data from federal regulators who track financial crimes. The Federal Trade Commission just released its annual fraud report, and the numbers paint a disturbing picture of the threat landscape Americans face today.
Consumers lost more money to criminals last year than ever before, as scams evolve faster than safeguards. You probably think you are too smart to fall for a scam, that you would never click a suspicious link or share your banking credentials with a stranger.
Today’s scams are highly sophisticated and tailored to how you use your bank and financial accounts. They range from convincing fake bank websites to employment scams that promise remote work but end up draining your funds.
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