DALLAS (KDAF) — A new report from the Better Business Bureau reveals that online scams rose 87% since 2015, while phone scams dropped more than 40%.
The Start with Trust Online report looked at scams that were perpetrated online to gather information on how to help protect consumers from online fraud. The report found that:
- So far in 2022, 75% of all scams reported with a monetary loss were perpetrated via online means
- Scams perpetrated via text message continue to be risky with an $800 median dollar loss so far in 2022
- Impersonating a well-known person or organization was by far the most reported tactic used by scammers (54%)
- Ages 18-24 reported the highest median dollar loss for online purchase scams so far in 2022, up almost 26% from 2021
Here’s what they recommend consumers do to protect themselves:
- If the deal looks too good to be true, it probably is. Price was the top motivating factor for people who made a purchase and then lost money. Don’t shop on price alone.
- Be careful purchasing sought-after products. Scammers offer hard-to-find items and highly sought-after products at great prices.
- Before you buy, do your research with a trusted source. One of the best ways to avoid scams is to verify the offer and avoid making snap buying decisions.
- Avoid making quick purchases on social media. 25% of survey respondents reported being targeted while browsing social media.
- Use secure and traceable transactions. Avoid paying by wire transfer, prepaid…
