Did you know that you can report a scam to the Federal Trade Commission?

When you report a scam, you help the FTC bring enforcement cases and educate people about scams.

The losses due to fraud continue to increase. Reported losses for 2024 were at $12.5 billion, up $2.5 billion from 2023!

Here are some areas reported:

• Bank transfer or payment scams, including cryptocurrency
• Investment scams reported $5.7 billion in losses
• People reported losing money more often when contacted through social media
• Job scams and fake employment agency losses increased substantially last year
• Younger people lost money more often (20-29 year olds) but those over 70 lost far more money than any other age group

To learn more and help project yourself and your loved ones, check out the post HERE.

And if you have been a victim of fraud, report it!  You can help fight fraud by helping the FTC understand what you experienced on there fraud website HERE.

As a financial coach, one of the things I recommend is monitoring your accounts and your credit report to help identify fraud or scams.  If you’d like to understand how to monitor your credit report, I can help!

I can help you learn what is on your credit report, what to look for, and how to understand the reporting process.

Click HERE to schedule your personal financial coaching session.

Lisa Atkinson
TFCU | Personal Financial Coach
latkinson@tucsonfcu.com

As a Personal Financial Coach, I do not provide legal or tax advice.
Tucson Federal Credit Union does not make any guarantees that this service will achieve any particular objective or outcome. For any legal advice, please seek the advice of an attorney or tax professional.