You may have already received scam emails about your car warranty expiring or ways to lower your credit card interest rate. But just as you've spotted those deceptive scams, cyber criminals are changing tactics.
Not only that, but the sheer number of scams is growing. In the first three quarters of 2022, more than 130,000 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 more than $930 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 of five prevalent scams that cyber criminals rely on.