Timely – and appropriately terrifying – information on another fraud channel. #Banks and #creditunions, this would be so helpful to your account holders to help them recognize the red flags.
Senior Vice President, Bank Community Engagement at the American Bankers Association & Executive Director, ABA Foundation
New American Bankers Association Foundation infographic just dropped! Americans lost $5.6 billion to cryptocurrency fraud scams last year. 😱 This is a 45% jump from the previous year. As a part of these scams, criminals target victims through texts, dating sites, social media platforms, professional networking channels or other apps. In collaboration with the Federal Bureau of Investigation (FBI) and seven government organizations, we are warning people about increasingly prevalent cryptocurrency scams. “The number of sophisticated crypto scams is growing, and we appreciate these federal agencies and organizations joining us in educating consumers about the threat they pose,” Lindsay Torrico, executive director of the American Bankers Association Foundation, said in a statement. “It’s critical that consumers know the red flags to look out for so that no one loses their hard-earned savings to these skilled criminals." View the infographic here: https://lnkd.in/egM_HEgM