In 2020, almost $20 billion was lost to phone scammers in the U.S. alone. With 165 million robocalls being made every day, it's hard not to be targeted.
A promise of a large sum of money in return for a fee should raise some red flags—more often than not, it's a scam.
Arm yourself with information on how this scam works and the red flags to watch out for to protect your bank account from these thieves.
Read how an actual sweepstakes scheme unfolded and scammed an elderly couple out of $800,000, as told by investigative consultant and ex-DEA Special Agent, Jason James.
Scammers use fear tactics and impersonate law enforcement to trick you into sending them money but armed with the right knowledge, you can beat them.
Scammers have turned their phishing attempts to members or credit unions by sending out fake emails hoping to get their hands on valuable personal data.
When an offer for a personal loan with great rates seems too good to be true, it often is, especially if you weren't the one who contacted them first.
Reading product descriptions when shopping on eBay is crucial, as scammers often hide important information in them that could make you think twice about buying.
Using a new bitcoin exchange might not seem like a big deal, but if you don't do your research first, you could end up losing thousands of dollars.
Fake PayPal emails regarding your eBay transactions are sent by scammers to fake payments and steal your information.