You have probably already received a fair share of scam emails about your car warranty expiring or ways to lower your credit card interest rate. But just as you've spotted those sneaky scams, cyber criminals are changing tactics.
Not only that, but the sheer number of scams is growing. In 2021, more than 95,000 consumers reported to the Federal Trade Commission that they'd been scammed with cons on social media alone. The losses to victims — that means you, consumers — of these scams amount to about $770 million.
Because cyber criminals are constantly scheming to develop new scams every year, it's essential to stay on top of these trends. Additionally, as technology has opened up opportunities to live and work remotely, it’s even more important to be aware of fraud pitfalls.
Here are some of the latest developments and new tactics — including charity fraud — of five prevalent scams that cyber criminals rely on.