Staying ahead of scammers is more important than ever these days, with instances of cyberattacks and cyber-enabled fraud growing yearly. The numbers are staggering: Consumers reported losing $8.8 billion in 2022, a 30 percent annual increase from 2021, according to data from the U.S. Federal Trade Commission.
And here's the thing: There are simple things you can do to avoid being a victim. In fact, Citi customers play a crucial role in fighting fraud because they're often the most in touch with their spending habits and can quickly detect suspicious activity.
Still, people vary in their knowledge of best practices for detecting and handling fraudulent transactions, and it's not always clear where to get the best answers. A recent study found that nearly 80% of Americans between the ages of 18 and 41 are sourcing financial advice from social media, but this is a risk because not all financial influencers on these platforms offer reliable or accurate advice.
That's one reason we've launched a fraud-awareness content on TikTok – it's an easy way for you to stay informed and find out how to keep your finances safe from scammers.
Follow us for tips you can rely on:
The content reflects the view of the author of the article and does not necessarily reflect the views of Citi or its employees, and we do not guarantee the accuracy or completeness of the information presented in the article.