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In 2021, internet scams were legion. From dating app scams, crypto and investment fraud, data breaches and even Google ad thefts, chances are you or someone you know has been a victim. In 2022, some experts warn that Social Security scams will be on the rise.
The FBI reported that it receives more than 800,000 internet crime reports every year, which adds up to an estimated $4 billion in losses. Therefore, it’s of the utmost importance to be on the lookout for impostors who will say they’re from the IRS, Social Security Administration (SSA), lottery promoters, utility companies, banks and card companies, or even a friend or relative in distress. They’ll ask for payment using some untraceable methods such as money wiring services, Bitcoin payments, gift cards and cash, according to the Rockford Register
Fortunately, the Federal Trade Commission (FTC) and the SSA provide tips to protect consumers.
Social Security Scams: 3 Common Requests and How To Report Them
First of all, the FTC reminds people…