According to the Federal Trade Commission (FTC), people reported $1.9 billion lost to scams in 2019. Every minute, more than $3,600 disappeared from wallets and bank accounts in response to made-up stories of urgently overdue tax payments, bogus contest winnings, or a smooth-talking online suitor who suddenly needs some gift cards. A high-pressure phone call or exciting message can overcome many people’s judgment, especially if they are caught at a vulnerable moment.
As the record-high scam reports keep coming, we’re providing support to the Cybercrime Support Network to help people identify scams before they fall victim to them through a new program called Scam Spotter. It simplifies expert advice with three golden rules—remember to refer to these rules when you receive a suspicious phone call or message to figure out if it’s a scam:
- Slow it down: Are they telling you it’s urgent? Take your time and ask questions to avoid being rushed into a bad situation.
- Spot check: Are they claiming to be from a specific institution? Do your own research to double check the details you’re getting.
- Stop! Don’t send: Are they asking you to go to the store and get gift cards? If you think a payment feels fishy, it probably is.
