Technology has made financial transactions as easy as pressing a button on your phone. You can send or request money through mobile apps in seconds. And you can open new accounts like credit cards, personal loans, and even mortgages entirely online. But while technology has made financial transactions simpler, it also has opened a door through which your money can flow into the wrong hands. And that door is guarded by sophisticated scammers and fraudsters.
In fact, Americans lost a record $10 billion to fraud in 2023, according to the latest data by the Federal Trade Commission. And as we approach the finish line of tax season, scammers are racing to capture unsuspecting victims.
