Americans feel fated to fall prey to cybercrime

Financial loss to scams mounts, as Americans report caring less about falling victim to cybercrime.

Only a few days after the Senate Committee on Aging released a new report in which it found that seniors lose an estimated $2.9 billion each year to financial scams, the insolvency services of Nyman Lisbon Paul and the UK’s Driver and Vehicle Licensing Agency (DVLA) have issued scam alerts warning consumers to beware of cyber scams.

Two weeks ago, Infosecurity reported that 60% of consumers in the UK were leaving themselves vulnerable to scams, and today, Nyman Lisbon Paul tweeted a warning that “pension scam victims lost an average of £91,000 to criminals in 2018, Financial Conduct Authority (FCA) research recently revealed. Criminals often use cold-calls and offers of free pension reviews to convince their victims to comply.”

As scams become more commonplace, government agencies, organizations and concerned citizens are taking to social media to caution consumers about the myriad scams to which they could fall victim.

Read entire post Americans Feel Fated to Fall Prey to Cybercrime | Kacy Zurkus | InfoSecurity

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