Consumers reported losing nearly $8.8 billion to scams in 2022. Recognizing these common fraud tactics can help you protect yourself – By Ivana Pino (Fortune) / May 18, 2023
With digital wallets and auto-fill, it’s never been easier to automatically share your financial information with a new website or platform.
But any time you make purchases online or input your personal or financial information into a new website or app, you take a risk that could cost you in the long-run. Consumers reported losing nearly $8.8 billion to fraud in 2022—an increase of more than 30% over the previous year—according to data from the Federal Trade Commission (FTC).
This uptick in fraud-related losses highlights the importance of being vigilant and taking the proper precautions online so that your personal information and financial health aren’t compromised.
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