Scammers are expected to steal over $2 billion in 2020. We can thwart their efforts with the three golden rules.

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According to the FTC, consumers reported over $1.9 billion lost to scammers in 2019 another record high!

It’s clear from the numbers that scams are on the rise, so teams at Google and the Cybercrime Support Network are saying enough is enough.

With Google’s help, we are spotting the most common patterns used by scammers and offering practical advice to help you stop them in their tracks.

 

Scams:

Scams are always growing and evolving. Take a look at the numbers to see just how pervasive these schemes can be.

$1 BILLION ESTIMATED LOSS IN GIFT CARDS IN 2019

$3,600 LOST TO FRAUD EVERY MINUTE IN 2019

$201 Million reported loss in romance scams IN 2019

Image by scamspotter.org

Bad news out of the blue? News too good to be true? No matter the scheme, we can apply the three golden rules to SPOT THE SCAM.

 

COVID-19 Scams:

Scammers are working overtime to take advantage of health and financial worries caused by COVID-19 pandemic. While it’s a new context, the three golden rules still work as well as ever.

 Slow Down: Trust Doctors Over Peddlers

Spot Check: Consult Government Sources

 Stop! Don’t Send: Don’t Pay For Government Benefits

 

Romance Scams:

Romance scammers may have as silver tongue, but they are going for your gold. Over $200 million was reported lost to romance scams in 2019 alone.

 Slow Down: Watch Out For Sudden Urgency

 Spot Check: Do A Search Of Your Admire

 Stop! Don’t Send: Say No To Gift Cards

 

Bad News Scams:

Many scammers hunt for victims with calls or emails claiming to be from government agency or bank. You are wise to be skeptical of anyone who demands payment out of the blue.

 Slow Down: Ask Clarifying Questions

 Spot Check: Check With Organization Directly

 Stop! Don’t Send: Don’t Agree To Odd Payments

Good News Scams:

Scammers can call out of the blue to say that you are owed lottery winnings, a vacation, prize, or rebate but must make a payment to claim it. Never pay upfront to receive winning later.

 Slow Down: Ask A Trusted Advisor For Help

 Spot Check: Get More Info About The Prize

Stop! Don’t Send: Don’t Pay For A Prize.

Fighting fraud is a team effort. With support from Google, the Cybercrime Support Network is working to help everyone be scam aware and stop fraudsters for good.
By: scamspotter.org

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